Guarseed prices drifted by Rs 70 to Rs 5,225 per quintal in futures trading today due to off-loading of positions by traders in tandem with a weak trend in the international markets.
At the National Commodity and Derivatives Exchange, guarseed prices for April month contract dipped by Rs 70, or 1.32 per cent, to Rs 5,225 per quintal, with an open interest of 743 lots.
In a similar manner, February month contracts fell Rs 60, or 1.17 per cent, to Rs 5,090 per quintal, in an open interest of 16,483 lots.
Marketmen said besides heavy stocks position in the spot markets, a weak trend in the overseas market, largely pulled down guarseed prices at futures trade.
