Guar gum prices tumbled down by Rs 133 to Rs 9,714 per quintal in futures trade today as selling emerged at higher levels, dampened by weak physical markets amid muted export demand.
Marketmen said traders were reducing their holdings due to tepid export demand for oil drilling industries, which weighed on guar gum prices at futures trade.
At the National Commodity and Derivatives Exchange, guar gum for October slipped by Rs 133, or 1.35 per cent, to Rs 9,714 per quintal, clocking an open interest of 63,695 lots.
Meanwhile, delivery for November fell by Rs 66, or 0.67 per cent, to Rs 9,780 per quintal, in an open interest of 2,925 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app