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Guar gum futures fall on mounting stocks in spot market

Press Trust of India  |  New Delhi 

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 in the

At the National Commodity and Derivatives Exchange, 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 prices at futures trade was mostly attributed to in the following relentless arrivals from growing areas along with limited offtake by exporters, marketmen said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, October 25 2017. 13:28 IST