Physical Rubber prices extended weakness on Monday due to weak demand from domestic buyers, despite ongoing supply crunch in the market. Spot prices for RSS-4 variety declined to 130/ kg compared to its previous closing of Rs 130.50/ kg; while the RSS-5 variety fell to 126/ kg compared to its previous closing of Rs 126.50/ kg.
In the futures market, August delivery gained to Rs 130.40 compared to its previous closing of Rs 129.87 on the Indian Commodity Exchange Limited (ICEX).