NEW DELHI, Aug 1: Guar gum prices lost Rs 93 to Rs 9,610 per quintal in futures trade today following profit-booking by speculators at prevailing levels, driven by weak physical markets leads along with easing export demand.
Marketmen said besides profit-taking by investors at existing levels, soaring stocks on constant arrivals of guar seed from growing regions at the spot market amid fall in demand of export for oil drilling industries, mainly dragged down the guar gum futures prices.
At the National Commodity and Derivatives Exchange counter, guar gum delivery for October plummeted by Rs 93 or 0.96 per cent to Rs 9,610 per quintal, with an open interest of 61,855 lots.
In a similar way, the delivery for November moved down by Rs 86 or 0.86 per cent to Rs 9,742 per quintal, clocking an open interest of 2,480 lots. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel