On Friday, guar gum prices increased by Rs 33 to reach Rs 12,165 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 33, or 0.27 per cent, reaching Rs 12,165 per quintal, accompanied by an open interest of 57,775 lots.

Analysts observed that following an assessment of the prevailing physical market trend, traders increased their positions, resulting in an uptick in guar gum prices.