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Physical Rubber prices witness some firmness on Monday

22 Oct 2019 Evaluate

Physical Rubber prices showed some firmness on Monday due to improved demand from domestic stockists, but rise in arrivals of the commodity capped some gains. Spot prices for RSS-4 variety remained unchanged at Rs 121/kg; while the RSS-5 variety gained to 118.50/ kg compared to its previous closing of Rs 118/ kg.

In the futures market, November delivery rose to Rs 123.20 compared to its previous closing of Rs 121.92 on the Indian Commodity Exchange Limited (ICEX).