During the course of futures trading on Thursday, the price of guar gum dropped by Rs 21 to Rs 11,718 a quintal. This was due to market participants selling off their holdings, which was in keeping with a sluggish trend in the spot market.

Guar gum contracts for delivery in August that were traded on the National Commodity and Derivatives Exchange experienced a decline of Rs 21, or 0.18 percent, bringing the price per quintal to Rs 11,718 in 63,010 lots.

The contract had been finalised at Rs 11,739 per quintal earlier in the session that had just concluded.