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Guar gum futures fall on tepid demand

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Press Trust of India New Delhi
Last Updated : Dec 04 2019 | 1:55 PM IST

Guar gum prices on Wednesday fell by Re 1 to Rs 7,234 per five quintal in futures trade as investors cut their bets following weak trend in physical market.

Marketmen said subdued demand on persistent arrivals from growing belts mainly exerted pressure on guar gum prices here.

On the National Commodity and Derivatives Exchange, guar gum contracts for December declined by Re 1, or 0.01 per cent, to Rs 7,234 per five quintal with an open interest of 17,730 lots.

Guar gum contracts for January delivery eased by Rs 5, or 1.07 per cent, to Rs 7,334 in 50,355 lots.

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First Published: Dec 04 2019 | 1:55 PM IST

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