Guar gum prices on Thursday gained Rs 30 to Rs 7,570 per five quintal in futures trade as investors increased their holdings on spot demand.
Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum delivery for January contracts jumped up by 0.40 per cent, or Rs 30, to Rs 7,570 per five quintal with an open interest of 49,985 lots.
Likewise, the delivery of February contract surged by Rs 30, or 0.39 per cent, to Rs 7,670 per five quintal as open interest stood at 21,085 lots.
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