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Physical Rubber prices witness improvement on Saturday

06 Jul 2020 Evaluate

Physical Rubber prices showed improvement on Saturday due to ongoing supply crunch in the market. Although, concerns over rising corona virus pandemic cases worldwide capped some gains. Spot prices for RSS-4 variety gained to 120/ kg compared to its previous closing of Rs 119/ kg; while the RSS-5 variety jumped to 116/ kg compared to its previous closing of Rs 115.50/ kg.

In the futures market, July delivery declined marginally to Rs 123 compared to its previous closing of Rs 123.01, while August delivery was trading at Rs 126 compared to its previous close of Rs 125.92 on the Indian Commodity Exchange Limited (ICEX).

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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