Guar gum futures traded higher on Tuesday, gaining Rs 59 to Rs 10,287 per quintal, as market participants increased their positions amid firm demand in the spot market.

On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for March delivery rose by Rs 59, or 0.58%, to Rs 10,287 per quintal, with an open interest of 47,345 lots.

Analysts said the uptick in prices was driven by traders raising their bets in line with a strong trend in the physical market.