New Delhi, May 28 (PTI) Guar gum prices on Thursday gained Rs 25 to Rs 5,343 per five quintal in futures trade as speculators increased their holdings on spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for June delivery traded higher 0.47 per cent, or Rs 25, to Rs 5,343 per five quintal with an open interest of 26,405 lots.

Also Read | Facebook Owned Instagram Brings Video Ads on IGTV; Will Help Influencers to Make Money From Their Content.

Likewise, guar gum contracts for delivery in July rose by Rs 19, or 0.35 per cent, to Rs 5,375 per five quintal as open interest stood at 16,095 lots.

Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.

Also Read | Facebook Introduces Beta Version of a New iOS App ‘Collab’ for Making & Mixing Music With Friends; Takes On TikTok.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)