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Guar gum futures fall on subdued spot cues

Press Trust of India  |  New Delhi 

Guar gum prices declined by Rs 89 to Rs 8,190 per quintal in future trading today as speculators liquidated positions, tracking weak sentiments at the domestic spot markets.

Marketmen said cutting down of bets by the speculators in line with subdued trend in spot markets mainly attributed the fall in guar gum future prices.

Besides, lower export demand also turned kept pressure on guar gum prices, they added.

At the National Commodity and Derivative Exchange counter, guar gum delivery for most-traded, delivery in October contracts dropped by Rs 89 or 1.09 per cent to Rs 8,190 per quintal, with an open interest of 43,600 lots.

The delivery for the November month contract also slipped by Rs 89 or 1.06 per cent to Rs 8,300 per quintal, in an open interest of 10,450 lots.

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

First Published: Mon, September 11 2017. 13:22 IST