As a result of speculators boosting their holdings in reaction to high spot demand, the price of guar gum increased by Rs 47 on Monday, reaching Rs 11,352 per quintal in futures trade. This occurrence occurred as a result of the fact that the commodity was in high demand.

The price of guar gum contracts for delivery in June on the National Commodity and Derivatives Exchange reached Rs 11,352 per quintal as a result of an increase in price of Rs 47, which is equivalent to 0.41 percent. In addition to that, there was an open interest of 67,180 lots that were being exchanged.

Following the completion of an investigation into the prevailing patterns of the physical market, traders increased their holdings, which resulted in an increase in the price of guar gum.