India, Jan. 9 -- Guar gum prices advanced in futures trade on Friday, rising Rs 74 to Rs 10,330 per quintal, as traders increased their positions supported by strong demand in the spot market.
On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery gained Rs 74, or 0.72 per cent, to trade at Rs 10,330 per quintal, with an open interest of 51,780 lots.
Analysts said a firm trend in the physical market encouraged participants to raise their bets, leading to higher guar gum prices in futures trading.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....