Guar gum prices on Monday dropped by Rs 164 to Rs 7,290 per five quintal in futures market as traders offloaded their positions amid subdued demand.
Marketmen said trimming of positions by participants amid weak demand dragged down guar gum prices here.
On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery slipped by Rs 164, or 2.2 per cent, to Rs 7,290 per five quintal in 16,050 lots.
Guar gum contracts for February delivery eased by Rs 160, or 2.12 per cent, to Rs 7,386 per five quintal in 52,225 lots.
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