Amid a firm trend at the physical markets, guar gum prices shot up by Rs 122 to Rs 7,630 per quintal in futures trade today as participants widened their bets.
Marketmen said raising of bets by participants, tracking a firm trend at the spot markets on export demand and thin supplies of guar seed from growing belts, led to the rise in guar gum prices at futures trade here.
At the National Commodity and Derivatives Exchange, guar gum for delivery in July hardened by Rs 122 or 1.62 per cent to Rs 7,630 per quintal, clocking an open interest of 43,305 lots.
Guar gum for delivery in far-month August also surged by Rs 113 or 1.44 per cent to Rs 7,958 per quintal, in an open interest of 19,305 lots.
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