Guar gum prices dived by Rs 223 to Rs 9,550 per quintal in futures trade today on intense sell-off by the speculators at higher levels, dampened by muted physical markets lead amid tepid export demand.
Marketmen mentioned, the sharp fall in guar gum futures prices to weak physical market sentiments along with thin export demand for oil drilling industries.
At the National Commodity and Derivatives Exchange platform, guar gum delivery for the November tumbled by Rs 223 or 2.28 per cent to Rs 9,550 per quintal, with the business turnover of 3,315 open lots.
Likewise, the delivery for October plunged by Rs 201 or 2.08 per cent to Rs 9,480 per quintal, clocking the business turnover in 63,460 open interest lots.
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