Guar gum prices bounced back by Rs 45 to Rs 8,203 per quintal in futures trade today on the back of pick up in export demand amid short-covering by speculators.
At the National Commodity and Derivative Exchange, guar gum for delivery in current month improved by Rs 45 or 0.55 per cent to Rs 8,203 per quintal, in an open interest of 1,210 lots.
In a similar way, the delivery for the most active December increased by Rs 29 or 0.35 per cent to Rs 8,235 per quintal, open interest stood at 63,215 lots.
Market players attributed the recovery in guar gum prices at futures trade to rising export demandat the spot markets and covering-up of short positions by speculators.
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