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Guar gum futures gain on spot demand

New Delhi, Jun 21 (PTI) Guar gum prices on Monday gained Rs 52 to Rs 6,240 per five quintal in futures trade as speculators increased their holdings on spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery traded higher 0.84 per cent, or Rs 52, to Rs 6,240 per five quintal with an open interest of 50,515 lots.

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

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