The price of guar gum had a rise of Rs 47, hitting Rs 8,795 per quintal in futures trading. 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 Commodity Exchange, the guar gum contracts for December delivery had a rise of Rs 47, which is equivalent to 0.53%, hitting Rs 8,795 per quintal. Additionally, there was an open interest of 30,195 lots.

The increase in guar gum prices can be attributed to the fact that traders boosted their holdings after conducting a thorough review of the physical market dynamics that were now in effect.