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Guar gum futures slip 0.28 pc on weak spot cues

Press Trust of India  |  New Delhi 

gum prices fell 0.28 per cent to Rs 9,060 per 5 in futures trade Tuesday following off-loading of positions by operators amid a weak trend in the domestic market.

At the National Derivatives and Commodity Exchange, gum for April contracts slipped by Rs 25, or 0.28 per cent, to Rs 9,060 per 5 with an open interest of 64,515 lots.

Marketmen attributed the decline in gum prices to off-loading of bets by participants tracking a weak trend at the spot market due to fall in export demand.

Guar gum for May also dropped by Rs 39, or 0.42 per cent, to Rs 9,180 per 5 with an open interest of 2,820 lots.

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

First Published: Tue, April 09 2019. 14:00 IST