Guar gum futures plunge by Rs 133 per quintal

Guar gum prices tumbled down by Rs 133 to Rs 9,714 per quintal in futures trade today as selling emerged at higher levels, dampened by weak physical markets amid muted export demand.

Marketmen said traders were reducing their holdings due to tepid export demand for oil drilling industries, which weighed on guar gum prices at futures trade.

At the National Commodity and Derivatives Exchange, guar gum for October slipped by Rs 133, or 1.35 per cent, to Rs 9,714 per quintal, clocking an open interest of 63,695 lots.

Meanwhile, delivery for November fell by Rs 66, or 0.67 per cent, to Rs 9,780 per quintal, in an open interest of 2,925 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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