New Delhi, March 13 Guar gum prices rose by Rs 24 to Rs 10,136 per quintal in futures trading on Friday, driven by increased speculative activity amid strong spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 24, or 0.24 percent, at Rs 10,136 per quintal, with an open interest of 55,970 lots.
Analysts said that traders increased their positions based on a strong physical market trend, leading to the rise in guar gum prices.