On Wednesday, guar gum prices experienced an increase of Rs 29, reaching Rs 11,453 per quintal in futures trade. This rise can be attributed to speculators augmenting their holdings in response to robust spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for June delivery experienced an increase of Rs 29, or 0.25 per cent, reaching Rs 11,453 per quintal, accompanied by an open interest of 33,065 lots.

Analysts indicated that following an observation of a firm physical market trend, traders increased their positions, resulting in an uptick in guar gum prices.