Physical rubber prices declined on Friday on account of buyer resistance following the moderate losses in the domestic futures and global trendsetters.
Spot prices for RSS-4 variety declined to Rs 124.50/ kg compared to its previous closing of Rs 125.50/ kg; while the RSS-5 variety reduced to 122.50/ kg compared to its previous closing of Rs 123/kg.
In the futures market, contract of August delivery weakened to Rs 123.05 compared to its previous closing of Rs 124.79, while September delivery closed at Rs 123.23 compared to its previous close of Rs 124.57 on the National Multi Commodity Exchange (NMCE).
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