New Delhi, Feb 4 (PTI) – Guar gum prices saw a slight decline on Tuesday, slipping by ₹9 to settle at ₹10,149 per quintal in the futures market. The dip was attributed to traders reducing their holdings, reflecting a weak trend in the spot market.
According to the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for February delivery dropped by 0.09%, with a recorded trade volume of 25,580 lots.
Market analysts pointed to subdued demand in the spot market and ample supplies from key growing regions as the primary reasons behind the price pressure. The oversupply scenario, coupled with weak buying interest, has continued to influence market sentiment.
