Physical rubber prices receded on Saturday tracking the weakness in the domestic futures market.The volume remained low and the traders were seen reluctant in taking positions ahead of the weekend, demand too remained weak amid moderate selling from dealers.
Spot prices for RSS-4 variety closed at Rs 224/kg compared to its previous closing of Rs 226/kg, while the RSS-5 variety closed at Rs 222/kg compared to its previous closing of Rs 224/kg.
In futures market, the contract of RSS-4 for July delivery closed at Rs 222.57 compared to its previous closing of Rs 225.91, while the contract for August delivery closed at Rs 224.37 compared to its previous closing of Rs 227.81on the National Multi Commodity Exchange.
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