New Delhi, Nov 16 (PTI) Guar gum prices on Thursday increased Rs 141 to Rs 11,707 per five quintals in futures trade as speculators increased their holdings amid a firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery traded higher by Rs 141 or 1.20 per cent at Rs 11,707 per five quintals with an open interest of 63,040 lots.

Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices. PTI SGC SHW