Guar gum futures declined by Rs. 15 to Rs. 11,990 per quintal on Friday as traders reduced their holdings amid weak demand in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), August guar gum contracts traded 0.12% lower at Rs. 11,990 per quintal, with a trading volume of 68,330 lots.
According to market participants, sluggish spot demand and ample supplies from producing regions continued to weigh on guar gum prices.