Guar gum prices increased by Rs 262 to Rs 13,461 per quintal in futures trade on Friday, driven by speculators augmenting their holdings in response to robust spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for October delivery experienced an increase of Rs 262, or 1.98 percent, reaching Rs 13,461 per quintal, accompanied by an open interest of 77,605 lots.

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