Guargum futures prices shot up by Rs 71 to Rs 6,356 per quintal today, following brisk buying driven by firm spot market sentiments.
Market analysts said strong demand from consuming industries in physical markets influenced trading sentiments here in future markets.
At the National Commodity and Derivatives Exchange counter, guargum price for delivery in current month December at Jodhpur (Rajasthan) jumped by Rs 71, or 1.13 per cent to Rs 6,356 per quintal, clocking an open interest of 9,960 lots.
The price for delivery in January also gained in line with other contracts by Rs 63, or 0.99 per cent to Rs 6,450 per quintal, with an open interest of 41,555 lots.