Guar gum prices firmed up by Rs 92 to Rs 7,769 per quintal in futures trade today on the accumulation of positions by speculators, triggered by a strong trend at the physical markets.
At the National Commodity and Derivatives Exchange, guar gum to be delivered in July shot up by Rs 92 or 1.20 per cent to Rs 7,769 per quintal, with a business turnover of 40,250 open lots.
Guar gum to be delivered in June rose by Rs 86 or 1.14 per cent to Rs 7,660 per quintal, with an open interest of 24,405 lots.
Marketmen said building up of positions by participants, tracking a firm trend at the spot markets led to the rise in guar gum prices at futures trade.
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