Guar gum prices fell by Rs 28 to Rs 8,977 per quintal in futures trade on Monday as traders reduced their holdings, tracking a weak trend in the spot market.

On the NCDEX, guar gum for November delivery slipped Rs 28, or 0.31 per cent, to Rs 8,977 per quintal in 41,640 lots.

Analysts said subdued demand in the spot market and sufficient supplies from producing regions weighed on prices.