As a result of traders selling their holdings, the prices of guar gum in the futures market dropped by Rs 7 to Rs 8,639 a quintal. This decline is a reflection of a more widespread decline that was recorded in the spot market.

It was observed that the price of guar gum for December delivery on the NCDEX saw a fall of Rs 7, which is equivalent to a decline of 0.08%. The price ultimately settled at Rs 8,639 per quintal across 31,980 lots.

The players in the market have noted that the prices of guar gum have been depressed as a result of a decrease in demand within the spot market, in conjunction with an abundance of supplies coming from locations that produce the gum.