New Delhi, Apr 11 (PTI) Guar gum prices rallied by Rs 40 to Rs 8,770 per quintal in futures trade today after creating fresh positions by the operators, tracking bullish physical markets trend amidst rising export demand.

Market players said traders were accumulating bets inspired by an uptrend in the spot markets due to pick up in export demand for oil drilling industries, which described up surge in guar gum futures prices.

At the National Commodity and Derivative Exchange counter, guar gum delivery for April increased by Rs 40 or 0.46 per cent to Rs 8,770 per quintal, clocking an open interest of 3,110 lots.

Most active second contract May delivery also edged up by Rs 36 or 0.41 per cent to Rs 8,903 per quintal, open interest stood at 57,440 lots.

This is published unedited from the PTI feed.