The prices of guar gum went up, increasing by Rs 75 to reach Rs 9,122 a quintal in futures trading. This represents an upward rise in the prices of guar gum. This increase can be ascribed to speculators increasing their holdings in reaction to solid demand in the spot market, which has made the spot market more competitive.

Guar gum contracts that were planned for delivery in November witnessed an upward movement on the NCDEX. These contracts saw an increase of Rs 75, which is equivalent to a percentage increase of 0.82%, and they reached a price point of Rs 9,122 per quintal that was reached. There were 51,675 lots that were available for purchase.

Following a thorough analysis of the actual market dynamics that were now in place, market analysts made the observation that traders subsequently increased their speculative holdings, which led to an upward trajectory in the prices of guar gum.