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Guar gum prices went down by Rs 33 to Rs 9,890 per quintal

Marketmen said cutting down of the holdings by the investors in sync with weak spot markets leads along with falling demand of export for oil drilling industries, mainly drove the downturn in guar gum futures prices.


PTI 03 Aug 2018, 07:06 AM India
  • Guar gum prices went down by Rs 33 to Rs 9,890 per quintal in futures trade today as operators cut down bets amid falling export demand and lower physical markets. (Image Credit: Wikimedia Commons)

Guar gum prices went down by Rs 33 to Rs 9,890 per quintal in futures trade today as operators cut down bets amid falling export demand and lower physical markets.

Marketmen said cutting down of the holdings by the investors in sync with weak spot markets leads along with falling demand of export for oil drilling industries, mainly drove the downturn in guar gum futures prices.

At the National Commodity and Derivatives Exchange platform, guar gum delivery for November eased by Rs 33 or 0.33 percent to Rs 9,890 per quintal, in an open interest of 2,500 lots.

In a similar way, the delivery for October moved down by Rs 22 or 0.22 percent to Rs 9,795 per quintal, showing an open interest of 62,875 lots.

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


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