The resin of the guggul plant , known as '' gum guggulu '' , has a fragrance similar to myrrh and is commonly used in incense and perfumes .
The resin of the guggul plant , known as '' gum guggulu '' , contains high concentrations of guggulsterone and other plant sterols . 
 It has a fragrance similar to myrrh and is commonly used in incense and perfumes .