On Friday, guar gum prices declined by Rs 43, settling at Rs 11,600 per quintal in futures trade, as traders liquidated their positions in response to a sluggish trend observed in the spot market.

On the National Commodity and Derivatives Exchange, guar gum for July delivery experienced a decrease of Rs 43, representing a decline of 0.37 per cent, settling at Rs 11,600 per quintal across 45,215 lots.

Market participants indicated that a decline in demand within the spot market, coupled with abundant supplies from producing regions, has exerted downward pressure on guar gum prices.