Guar gum prices fell by Rs 42 to Rs 7,363 per quintal in futures trade today on profit booking by speculators amid weak physical market demand.
Market players attributed the fall in guar gum futures to subdued trend in the spot markets.
Slackness in export demand from oil drilling industries also drove selling in guar gum futures.
At the National Commodity and Derivatives Exchange, guar gum delivery for the immediate contract June declined by Rs 42 or 0.57 per cent to Rs 7,363 per quintal, with a business turnover of 12,605 open lots.
The delivery of the most traded second contract July month also fell by Rs 27 or 0.36 per cent to Rs 7,460 per quintal, with an open interest of 50,900 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)