Guargum prices rebounded by Rs 160 to Rs 5,890 per quintal in futures trading today after participants built up positions, driven by a firm trend at the physical markets.
At the National Commodity and Derivatives Exchange, guargum for delivery in most-active January next year contracts was up by Rs 160, or 2.79 per cent, to Rs 5,890 per quintal, with an open interest of 31,970 lots.
Also, guargum for delivery this month improved by Rs 20, or 0.35 per cent, to Rs 5,750 per quintal, having an open interest of 942 lots.
Marketmen attributed rise in guargum prices at futures trade to building up of positions by participants, tracking a firm trend at the spot markets.
