Guar gum prices increased by Rs 146 to Rs 16,500 per quintal in futures trade on Thursday, 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 146, or 0.89 percent, reaching Rs 16,500 per quintal, accompanied by an open interest of 59,220 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.
