Guar gum futures up by Rs 68 per quintal

Guar gum prices went up by Rs 68 to Rs 8,143 per quintal in futures trading today after speculators accumulated fresh positions, driven by upbeat sentiments at the physical markets.

At the National Commodity and Derivative Exchange, guar gum for most-traded delivery in December hardened by Rs 68 or 0.84 percent to Rs 8,143 per quintal, having a turnover of 56,030 open lots.

Similarly, guar gum for delivery this month rose by Rs 58 or 0.73 per cent to Rs 8,016 per quintal, with an open interest of 15,035 lots.

Market players said fresh positions created by participants, largely in sync with a firm trend at the spot markets on the back of pick up in export demand amid tight supplies of guar seed from producing belts, led to the rise in guar gum prices in futures trade here.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)