Guar gum prices on Monday gained Rs 118 to Rs 7,840 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 1.53 per cent, or Rs 118, to Rs 7,840 per five quintal with an open interest of 35,445 lots.
Likewise, the delivery of February contract surged by Rs 116, or 1.48 per cent, to Rs 7,940 per five quintal as open interest stood at 37,520 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
