Guar gum prices weakened by Rs 49 to Rs 7,897 per quintal in futures trading today following constant selling by operators in line with subdued global as well as domestic demand.
Market players stated the continuous fall in guar gum prices in futures trading to muted demand in spot markets, triggered by gearing up in arrivals of guar seed from growing regions.
Apart from this, subdued export demand for oil drilling industries also weighed on prices, they added.
At the National Commodity and Derivatives Exchange, guar gum delivery in April plunged further by Rs 49, or 0.62 per cent, to Rs 7,897 per quintal, having an open interest of 46,665 lots.
The delivery for May also extended losses by Rs 47, or 0.58 per cent, to Rs 8,030 per quintal, open interest stood at 19,380 lots.
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