On Friday, guar gum prices declined by Rs 25, settling at Rs 15,450 per quintal in futures trade, as market participants liquidated their holdings in response to a sluggish trend observed in the spot market.
On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery experienced a decrease of Rs 25, or 0.16 percent, settling at Rs 15,450 per quintal across 45,465 lots.
Marketmen said slack demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
