Guar gum prices on Tuesday plunged by Rs 101 to Rs 7,517 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 101, or 1.33 per cent, to Rs 7,517 per five quintal in 52,980 lots.
Guar gum contracts for February delivery eased by Rs 104, or 1.35 per cent, to Rs 7,615 per five quintal in 17,235 lots.