On Monday, guar gum prices declined by Rs 83, settling at Rs 12,010 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 83, representing a decline of 0.69 per cent, settling at Rs 12,010 per quintal across 66,745 lots.

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