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Physical Rubber prices extends gains on Thursday

16 Oct 2020 Evaluate

Physical Rubber prices extended gains on Thursday due to improved demand from domestic buyers, despite concerns over surging cases of Covid-19 around the globe. Though, expectations of rising supply from major producing belts capped some gains.

Spot prices for RSS-4 variety gained to 136/ kg compared to its previous closing of Rs 135.50/ kg; while the RSS-5 variety jumped to 132/ kg compared to its previous closing of Rs 131/ kg.