Guargum prices declined by Rs 70 to Rs 5,670 per quintal in futures trade today following profit booking by speculators, driven by weak physical markets.
Marketmen said after yesterday's rise, operators preferred to off-load holdings, this led the fall in prices.
Besides, fall in prices at spot markets due to gearing up in arrivals amid slackness in demand too influenced trading sentiments here in future markets, they added.0
At the National Commodity and Derivatives Exchange, guargum delivery for far-month June dropped by Rs 70, or 1.22 per cent, to Rs 5,670 per quintal, with an open interest of 93 lots.
The most active delivery for April slipped by Rs 30, or 0.54 per cent, to Rs 5,500 per quintal, having an open interest of 23,852 lots.
Meanwhile, delivery for current month shed Rs 30, or 0.55 per cent, to Rs 5,410 per quintal, with an open interest at 8,247 lots.
