Guar gum prices experienced an increase of Rs 364, reaching Rs 15,140 per quintal in futures trade on Wednesday, driven by speculators augmenting their holdings in response to robust spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery experienced an increase of Rs 364, or 2.46 percent, reaching Rs 15,140 per quintal, accompanied by an open interest of 55,065 lots.
In response to a discernible trend within the physical market, traders increased their positions, resulting in an uptick in guar gum prices, analysts noted.
