Guargum prices spurted by Rs 94 to Rs 6,845 per quintal in futures trading today largely on the back of fresh positions created by participants due to pick-up in demand at existing levels at the physical markets.
Marketmen attributed rise in guar gum prices in futures trade to raising of bets by participants following a firm trend at the spot markets on the back of rising export demand.
At the National Commodity and Derivatives Exchange, guar gum for delivery in July rose by Rs 94, or 1.39 per cent, to Rs 6,845 per quintal, having an open interest of 33,510 lots.
Guar gum for delivery in October also rallied by Rs 97, or 1.35 per cent, to Rs 7,272 per quintal, in an open interest of 18,005 lots.
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