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Guar gum prices remained lower for the second straight day by falling Rs 59 to Rs 7,894 per quintal in futures trading today as participants indulged in trimming positions and ample stocks in the spot markets.
At the National Commodity and Derivatives Exchange, guar gum for November slipped by Rs 59, or 0.74 per cent, to Rs 7,894 per quintal, clocking an open interest of 44,010 lots.
Similarly, the delivery for December dropped by Rs 53, or 0.65 per cent, to Rs 8,042 per quintal, depicting an open interest of 23,300 lots.
The fall in guar gum prices at futures trade was mostly attributed to mounting stocks in the spot markets following relentless arrivals from growing areas along with limited offtake by exporters, marketmen said.
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