On Thursday, guar gum prices experienced an increase of Rs 246, reaching Rs 11,840 per quintal in futures trading. This rise can be attributed to speculators augmenting their holdings in response to robust demand in the spot market.

On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery experienced an increase of Rs 246, or 2.12 per cent, reaching Rs 11,840 per quintal, accompanied by an open interest of 26,640 lots.

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