Guar gum prices soared by Rs 188 to Rs 8,365 per quintal in futures trade today following widening of holdings by operators, due to upbeat cues in the spot and overseas.
Market players said the rise in guar gum prices in futures trade was mostly supported by a firm trend at the spot markets, sparked by robust spot and overseas demand amid halt in arrivals from producing belts.
At the National Commodity and Derivatives Exchange, guar gum for delivery in October flared up by Rs 188, or 2.30 per cent, to Rs 8,365 per quintal, having an open interest of 43,625 lots.
The delivery for the November too spurted by Rs 182, or 2.19 per cent, to Rs 8,485 per quintal, with an open interest of 4,075 lots.
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