Guar gum prices moved higher in futures trade on Wednesday, with the July contract gaining Rs 73, or 0.64%, to Rs 11,462 per quintal on the National Commodity and Derivatives Exchange (NCDEX).

The contract recorded an open interest of 61,190 lots, indicating active participation by traders.

Market analysts attributed the rise to firm demand in the physical market, which encouraged speculators to increase their positions and supported gains in guar gum futures.