Guar gum futures fall on weak spot demand

 Guar gum prices fell by Rs 178 to Rs 8,278 per five quintal in futures trade on Thursday as investors cut their bets driven by a weak trend at the physical market.Marketmen said subdued demand on persistent arrivals from growing belts mainly exerted pressure on guar gum prices here.

On the National Commodity and Derivatives Exchange, guar gum contracts for September slipped by Rs 178, or 2.11 per cent, to Rs 8,278 per five quintal with an open interest of 51,495 lots.

Besides, guar gum for October delivery eased by Rs 186, or 2.17 per cent, to Rs 8,380 per five quintal with an open interest of 17,110 lots