Guar gum prices flared up by Rs 103 to Rs 9,508 per quintal in futures trade today on widening of positions by speculators in sync with firming physical markets backed by rising export demand.
Marketmen said raising of holdings by participants coupled with upbeat sentiment at the spot markets, mainly led to the rise in guar gum prices at futures trade.
At the National Commodity and Derivative Exchange, guar gum for delivery in January jumped by Rs 103 or 1.10 per cent to Rs 9,508 per quintal, depicting an open interest of 14,035 lots.
In a similar way, the delivery of the most-traded February month contract went up by Rs 103 or 1.08 per cent to Rs 9,643 per quintal,with an open interest of 68,425 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
