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Physical rubber prices surrenders further gains on Tuesday

08 Aug 2012 Evaluate

Physical rubber prices continued to decline on Tuesday by surrendering further gains, as the commodity got pressurized by the overall weakness in domestic and international futures.

Spot prices for RSS-4 variety declined to Rs 178.50/ kg compared to its previous closing of Rs 179/ kg, while RSS-5 variety closed at Rs 172/ kg compared to its previous closing of Rs 173/ kg.

In the futures market, the contract of RSS-4 August delivery weakened to Rs 176.50 compared to its previous close of Rs 177.62, while September delivery closed at Rs 172.31 compared to its previous close of Rs 174.12 on the National Multi Commodity Exchange.  

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