In the futures market, the price of guar gum experienced a rise of Rs 5, reaching Rs 8,892 per quintal. This increase was driven by speculators who increased their positions in reaction to the robust demand that was observed in the spot market.

An upward movement occurred on the NCDEX for guar gum contracts that were planned for delivery in November. These contracts witnessed an increase of Rs 5, which is equivalent to 0.06%, and reached a price point of Rs 8,892 per quintal. Additionally, there was an open interest amounting to 40,160 lots.

Traders boosted their speculative holdings, which led to an upward trajectory in the price of guar gum, according to market analysts who noted this phenomenon after conducting a full analysis of the actual market dynamics that were now in place.