Guar gum prices fell by Rs. 38, or 0.23%, to Rs. 16,440 per quintal in futures trade on Friday, as traders reduced their positions amid weak spot market trends.
On the National Commodity and Derivatives Exchange (NCDEX), November delivery contracts recorded a business turnover of 62,765 lots.
Analysts attributed the decline to subdued spot market demand and ample supplies from growing regions.