On Tuesday, guar gum prices experienced an increase of Rs 289, reaching Rs 12,618 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 August delivery experienced an increase of Rs 289, or 2.34 per cent, reaching Rs 12,618 per quintal, accompanied by an open interest of 64,310 lots.

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