Guar gum prices moved higher in futures trading on Monday, supported by increased speculative activity and firm demand in the physical market.
February Contract Gains on Higher Participation
On the National Commodity and Derivatives Exchange, the February guar gum contract advanced by ₹37, or 0.38 per cent, to trade at ₹9,900 per quintal. The contract recorded an open interest of 5,940 lots, reflecting active participation in the near-month segment.The uptick came as traders built fresh positions in response to strength in the underlying spot market.
March Contract Also Edges Up
The March delivery contract followed a similar trend, rising by ₹13, or 0.13 per cent, to ₹10,015 per quintal. The contract had settled at ₹10,002 per quintal in the previous session and registered an open interest of 57,585 lots.Market participants attributed the gains to increased buying interest, driven by a firm tone in the physical market. The rise in open interest alongside price appreciation indicated that traders expanded their positions amid expectations of continued demand support.
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