Guar gum prices firmed up by Rs 170 to Rs 7,978 per quintal in futures trade today on widening of exposure by traders, spurred by pick up in export demand amid a weakening rupee.
Marketmen said expansion of positions by participants following a spurt in export demand supported the rise in guar gum prices at futures market here.
At the National Commodity and Derivatives Exchange, guar gum for delivery in July contract shot up by Rs 170 or 2.18 per cent to Rs 7,978 per quintal, with a business turnover of 38,295 open lots.
Guar gum for delivery in August month contract rose Rs 147 or 1.80 per cent to Rs 8,305 per quintal, having an open interest of 22,920 lots.
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