India, June 22 -- Guar gum futures traded lower on Monday, with the July contract falling by Rs 189, or 1.63%, to Rs 11,371 per quintal on the National Commodity and Derivatives Exchange (NCDEX).
The decline was driven by profit-booking and weak sentiment in the spot market, with traders reducing their positions amid subdued demand. The contract recorded an open interest of 65,450 lots.
Market participants attributed the fall in prices to sluggish demand from consuming industries and ample supplies from key guar-producing regions, which continued to weigh on market sentiment and prices.
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