New Delhi, Feb 20 (PTI) Guar gum prices edged lower by Rs 172 to Rs 9,373 per quintal in futures trade today as speculators booked profits at existing levels, dejected by downbeat physical market sentiments amidst feeble export demand. Also Read - BUR vs LEI Dream11 Team Tips, Fantasy Prediction Premier League 2020-21: Captain, Predicted XIs For Today's Burnley vs Leicester City Match at Turf Moor Stadium 11:30 PM IST March 3 Wednesday
Market players said weakness in the spot market on gearing up in arrivals of guar seed from growing regions, triggered by a drop in export demand for oil drilling industries at prevailing levels, weighed on guar gum futures. Also Read - Aadhaar Card Update: Want to Apply Aadhaar For New-born Babies? Step-by-step Guide Here
At the National Commodity and Derivative Exchange, guar gum delivery for the immediate February contracts weakened by Rs 172, or 1.80 per cent, to Rs 9,373 per quintal, clocking an open interest of 270 lots. Also Read - BMC Makes 7-Day Institutional Quarantine Mandatory For Passengers Arriving from Brazil
The delivery for the most-traded March contracts also declined by Rs 59, or 0.62 per cent, to Rs 9,445 per quintal with an open interest of 67,280 lots.
This is published unedited from the PTI feed.