Through futures trading, the price of guar gum experienced a significant increase of Rs 118, reaching Rs 9,052 per quintal. This increase was driven by speculators who increased their holdings in reaction to the robust demand that was observed in the spot market.

On the National Composite Depository Exchange, guar gum contracts that were scheduled for delivery in November experienced a gain of Rs 118, which reflected a 1.30% increase. This resulted in the price reaching Rs 9,052 per quintal, and there was an open interest amounting to 45,935 lots.

As a consequence of a detailed review of the actual market dynamics that were now in place, market analysts noticed that traders increased their speculative holdings, which ultimately led to an upward trajectory in the prices of guar gum.