Guar gum futures fall on profit-booking

NEW DELHI, Aug 17: Guar gum prices rolled down by Rs 116 to Rs 9,853 per quintal in futures trade today as investors cut down their holdings at the prevailing levels amid subdued physical sentiment amid slackness in export demand.
Marketmen said falling prices in the spot markets due to weakness in the export demand for oil drilling industries amid mounting of stocks on non-stop supplies at higher levels, mainly put pressure on guar gum prices in futures trade.
At the National Commodity and Derivatives Exchange, guar gum delivery for October slipped by Rs 116, or 1.06 per cent, to Rs 9,853 per quintal with a business turnover of 64,150 open lots.
Also, delivery for November edged down by Rs 28, or 0.28 per cent, to Rs 9,970 per quintal with an open interest of 3,100 lots. (PTI)