On Friday, guar gum prices declined by Rs 7 to Rs 11,343 per quintal in futures trade, as market participants liquidated their positions in response to a bearish trend observed in the spot market.

On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery experienced a decrease of Rs 7, or 0.06 per cent, settling at Rs 11,343 per quintal across 36,100 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.