Guar gum prices fell by 1.54 per cent to Rs 8,774 per 5 quintal in futures trade Monday following offloading of positions by traders amid a weak trend in the physical market.
Marketmen attributed the decline in guar gum prices to off-loading of bets by participants tracking a weak trend at the spot market due to fall in export demand.
On the National Derivatives and Commodity Exchange, guar gum delivery for June contracts slipped by Rs 137, or 1.54 per cent, to Rs 8,774 per 5 quintal with an open interest of 32,800 lots.
Guar gum for delivery in July also dropped by Rs 172, or 1.9 per cent, to Rs 8,890 per 5 quintal with an open interest of 120 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