Guar gum futures rise on firm demand

New Delhi, Jul 31 (PTI) Guar gum prices on Wednesday increased Rs 485 to Rs 10,790 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 485 or 4.49 per cent at Rs 10,790 per quintal with an open interest of 26,320 lots.

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