India, Jan. 16 -- Guar gum prices moved higher in futures trade on Friday, gaining Rs 197 to Rs 10,550 per quintal, as speculators stepped up their positions amid strong demand in the physical market.
On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery rose by Rs 197, or 1.90 per cent, to Rs 10,550 per quintal, with an open interest of 60,590 lots.
Market analysts said the rally followed firm trends in the spot market, encouraging traders to increase their bets and push prices higher.
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