Mumbai, Oct 16 - The National Commodity and Derivatives Exchange [NCDEX]guar futures extended previous gains in opening hour of trade Tuesday. Robust demand from mills is supporting the rise even as new guar arrival has been shooting up in lead producing areas, said industry participants. Monday, arrival rose to around 70,000 bags at domestic markets across the country. Most-active December guar seeds traded Rs. 15 higher at Rs. 1,762/quintal at 11.41 hrs IST on NCDEX. Volume contracted was 48,460 lots.

Near months October and November futures rose Rs. 14 each to trade at Rs. 1,689/quinal and Rs. 1,762/quintal respectively. Volume traded was 2,300 and 37,060 lots.

Similarly, benchmark December guar gum futures also gained Rs. 32 to move higher to Rs. 4,410/quintal, while October futures rose Rs. 16 to Rs. 4,235/quintal and November by Rs. 27 to Rs. 4,330/quintal. Volume traded for Oct/Nov/Dec contracts has been 50/540/640 lots.