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Guar gum futures decline by Rs 137 on profit booking

Press Trust of India  |  New Delhi 

gum prices declined by Rs 137 to Rs 9,390 per in futures trade today as selling emerged at higher levels in anticipations with subdued physical markets lead.

Marketmen said, besides profit booking by the investors at existing levels, slackness in export demand for along with a weak trend in the spot markets mainly exerted pressure on the prices of gum futures.

At the National Commodity and Derivatives Exchange, gum delivery for October dipped by Rs 137, or 1.44 per cent, to Rs 9,390 per quintal,in a business turnover of 63,845 open lots.

Similarly, the delivery for November plunged by Rs 113, or 1.18 per cent, to Rs 9,493 per quintal, mirroring open interest of 2,720 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 13:15 IST