On Friday, guar gum prices increased by Rs 41, reaching Rs 11,638 per quintal in futures trade, driven by speculators boosting their holdings in response to robust spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery experienced an increase of Rs 41, or 0.35 per cent, reaching Rs 11,638 per quintal, accompanied by an open interest of 67,740 lots.

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