Guargum prices fell by Rs 67, or 1.30 per cent, to Rs 5,079 per quintal in the futures trade today, as speculators indulged in booking profits at existing higher levels.
Marketmen said, traders preferred to offload their holdings at prevailing higher levels in tandem with a continuous fall in guarseed prices in the spot markets.
Good rainfalls in guarseed growing areas boosted the prospects of a better crop and further influenced the market sentiment, they added.
At the National Commodity and Derivatives Exchange counter, guargum prices for most-active October contract declined by Rs 67, or 1.30 per cent, to Rs 5,079 per quintal, with an open interest of 46,640 lots.
Current September-month contract too shed Rs 65, or 1.25 per cent, to Rs 5,148 per quintal, with an open interest of 8,235 lots.
