Guar gum futures rise on firm demand

New Delhi, Jul 29 (PTI) Guar gum prices on Monday increased Rs 102 to Rs 10,728 per quintal in futures trade as speculators increased their holdings amid a firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery traded higher Rs 102 or 0.95 per cent at Rs 10,728 per quintal with an open interest of 34,500 lots.

Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.