NEW DELHI, Apr 20: Guar gum prices scaled higher by Rs 54 to Rs 9,140 per quintal in futures trading today on expanding of holdings, in tune with rising physical sentiments backed up by robust export demand.
Market players narrated the uptick in guar gum prices to fall in arrivals of guar seed from growing regions amid strong export demand for oil drilling industries on rising crude oil prices.
Depreciating rupee against US dollar too impacted positively in guar gum futures prices, they quoted.
At the National Commodity and Derivatives Exchange counter, guar gum delivery for the most traded May moved up by Rs 54 or 0.59 per cent to Rs 9,140 per quintal, depicting an open interest of 55,955 lots.
The delivery of the immediate contract April also went up by Rs 33 or 0.37 per cent to Rs 9,030 per quintal, showing an open interest of 185 lots. (PTI)
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