Guar gum prices on Wednesday advanced Rs 148 to Rs 10,224 per quintal in futures trade, as speculators increased their positions amid a firm trend in the physical market.

On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for January delivery rose Rs 148, or 1.45 per cent, to Rs 10,224 per quintal, with open interest at 44,285 lots.

Analysts said the gains were driven by strong spot demand and increased speculative buying, following a positive trend in the physical market.