New Delhi, March 27 Guar gum prices rose by Rs 30 to Rs 10,354 per quintal in futures trading on Friday, as speculators increased their holdings amid strong spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 30, or 0.29 per cent, to Rs 10,354 per quintal, with an open interest of 40,695 lots. It closed at Rs 10,324 per quintal in the previous close.
Analysts said that after tracking a firm physical market trend, traders increased their bets, which led to the rise in guar gum prices.