Physical rubber prices declined on Thursday on buyer resistance though there was no visible selling pressure from dealers or growers.
Spot prices for RSS-4 variety weakened to Rs 119/ kg compared to its previous closing of Rs 120/ kg, while RSS-5 variety closed at Rs 110/ kg compared to its previous close of Rs 111/ kg.
In the futures market, contract of January delivery slipped to Rs 116.99 compared to its previous closing of Rs 117.92, while February delivery closed at Rs 119 compared to its previous close of Rs 119.51 on the National Multi Commodity Exchange (NMCE).
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