On Thursday, guar gum prices declined by Rs 47, settling at Rs 12,372 per quintal in futures trade, as market participants liquidated their positions in response to a subdued trend in the spot market.

On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery experienced a decrease of Rs 47, or 0.38 per cent, settling at Rs 12,372 per quintal across 68,135 lots.

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