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Guar gum futures slip on weak spot cues

Press Trust of India  |  New Delhi 

gum prices fell by 1.54 per cent to Rs 8,774 per 5 in futures trade Monday following offloading of positions by traders amid a weak trend in the physical market.

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.

On the National Derivatives and Commodity Exchange, gum delivery for June contracts slipped by Rs 137, or 1.54 per cent, to Rs 8,774 per 5 with an open interest of 32,800 lots.

Guar gum for delivery in July also dropped by Rs 172, or 1.9 per cent, to Rs 8,890 per 5 with an open interest of 120 lots.

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

First Published: Mon, April 29 2019. 14:15 IST