Guar gum prices were down by Rs 130 to Rs 9,498 per quintal in futures trade today as speculators trimmed positions at existing levels, tracking a weak trend in the physical market amid muted export demand.
Marketmen said selling at higher levels by participants coupled with a weak trend in the spot market due to falling export demand led to the downfall in guar gum futures prices.
At the National Commodity and Derivative Exchange, guar gum for March contracts declined by Rs 130 or 1.35 per cent to Rs 9,498 per quintal, clocking an open interest of 59,720 lots.
Likewise, the delivery in April contracts fell by Rs 129, or 1.32 per cent, to Rs 9,625 per quintal with an open interest of 17,750 lots.
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