In futures trading on Wednesday, guar gum prices surged by Rs 20 to Rs 11,355 per quintal as speculators extended their holdings due to strong spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery experienced an increase of Rs 20, or 0.18 per cent, reaching Rs 11,355 per quintal, accompanied by an open interest of 49,215 lots.

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