Guar gum prices experienced an increase of Rs 21, reaching Rs 12,266 per quintal in futures trading on Wednesday, driven by speculators augmenting their positions in response to robust spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for September delivery experienced an increase of Rs 21, or 0.17 per cent, reaching Rs 12,266 per quintal, accompanied by an open interest of 66,010 lots.

In response to a firm physical market trend, traders increased their positions, resulting in a rise in guar gum prices, analysts noted.