NEW DELHI, June 8: Guar gum prices went up by Rs 71 to Rs 7,430 per quintal in futures trade today on elaborating holdings by the investors, tracking strong leads of physical markets backed by robust export demand.
Market players said besides rising prices in the spot markets induced by pick up in export demand for oil drilling industries, creating of bets by the speculators attributed the uptrend in guar gum futures prices.
At the National Commodity and Derivatives Exchange, guar gum delivery for the current contract June improved by Rs 71, or 0.96 per cent, to Rs 7,430 per quintal, showing an open interest of 9,575 lots.
In step with the general trend, guar gum prices for delivery in July contract increased by Rs 70, or 0.94 per cent, to Rs 7,524 per quintal, with a business turnover of 54,560 lots. (PTI)
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