On Wednesday, guar gum prices experienced a slight decline of Rs 21, settling at Rs 13,116 per quintal in futures trade. This movement was attributed to market participants liquidating their positions in response to a subdued trend observed in the spot market.

On the National Commodity and Derivatives Exchange, guar gum contracts for October delivery experienced a decrease of Rs 21, or 0.16 percent, settling at Rs 13,116 per quintal, with a business turnover of 76,045 lots.

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