Guar gum prices on Monday slumped by Rs 53 to Rs 7,010 per five quintal in futures market as traders offloaded their positions tracking weak trend at spot market.
Marketmen said trimming of positions by participants amid weak demand mainly dragged down guar gum prices here.
On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery slipped by Rs 53, or 0.75 per cent, to Rs 7,010 per five quintal in 19,940 lots.
Guar gum contracts for March delivery eased by Rs 58, or 0.81 per cent, to Rs 7,095 per five quintal in 45,485 lots.
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