Guar gum prices on Monday dropped Rs 64 to Rs 7,347 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 64, or 0.86 per cent, to Rs 7,347 per five quintal in 56,190 lots.
Guar gum contracts for February delivery eased by Rs 65, or 0.85 per cent, to Rs 7,447 per five quintal in 10,340 lots.
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