Guar gum prices increased by Rs 308 to Rs 16,183 per quintal in futures trade on Tuesday, driven by speculators augmenting their positions in response to robust spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery experienced an increase of Rs 308, or 1.94 percent, reaching Rs 16,183 per quintal, accompanied by an open interest of 51,795 lots.
In response to a discernible trend within the physical market, traders increased their positions, resulting in an uptick in guar gum prices, according to analysts.
