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Physical Rubber prices extended gains on Wednesday

07 Apr 2016 Evaluate

Physical Rubber prices extended gains on Wednesday on comparatively better demand against lower supplies in the domestic market. Spot prices for RSS-4 variety jumped to 119/ kg compared to its previous closing of Rs 117.50/ kg; while the RSS-5 variety improved to 116.50/ kg compared to its previous closing of Rs 115/ kg.

In the futures market, contract of April delivery improved to Rs 121.82 compared to its previous closing of Rs 120.91, while May delivery closed at Rs 123.64 compared to its previous close of Rs 122.84 on the National Multi Commodity Exchange (NMCE).

 

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