Physical rubber prices extended their weakness on Saturday due to buyer resistance, the decline in futures market too weighed on the commodity, however there was no selling pressure but the volume remained low, lacking major trade.
Spot prices for RSS-4 variety closed at Rs 188/kg compared to its previous closing of Rs 190/kg, while RSS-5 variety closed at Rs182/kg compared to its previous closing of Rs 185/kg.
In the futures market, the contract of RSS-4 for January delivery declined to Rs 191.00 compared to its previous closing of Rs 192.55,while the contract for February delivery closed at Rs 194 compared to its previous closing of Rs 195.60 on the National Multi Commodity Exchange.
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