On Wednesday, guar gum prices increased by Rs 73, reaching Rs 11,462 per quintal in futures trade, driven by speculators augmenting 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 73, or 0.64 per cent, reaching Rs 11,462 per quintal, accompanied by an open interest of 61,190 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.