Guar gum prices on Thursday dropped by Rs 17 to Rs 7,715 per five quintal in futures market as traders offloaded their positions amid subdued demand.
Marketmen said trimming of positions by participants amid weak demand dragged down guar gum prices here.
On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery slipped by Rs 17, or 0.22 per cent, to Rs 7,715 per five quintal in 21,305 lots.
Guar gum contracts for February delivery eased by Rs 23, or 0.29 per cent, to Rs 7,809 per five quintal in 48,900 lots.