Guar gum prices experienced an increase of Rs 59, reaching Rs 13,064 per quintal in futures trade on Wednesday. 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 September delivery experienced an increase of Rs 59, or 0.45 per cent, reaching Rs 13,064 per quintal, accompanied by an open interest of 48,355 lots.

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