India, June 15 -- Guar gum futures edged higher on Monday as traders increased their positions amid firm demand in the physical market.
On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery rose Rs 57, or 0.50 per cent, to Rs 11,433 per quintal. Open interest in the contract stood at 60,165 lots, indicating active participation from market participants.
According to market analysts, the upward movement in guar gum prices was largely driven by positive trends in the spot market, which encouraged traders and speculators to increase their positions in the futures segment.
The strengthening physical demand and improved market sentiment contributed to the gains, helping guar gum futures trade higher during t...