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Physical Rubber prices extends gains on Friday

17 Oct 2020 Evaluate

Physical Rubber prices extended gains on Friday due to improved demand from domestic buyers. Rubber prices rose further by tracking firm global demand from the world's largest consumer China 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 137/ kg compared to its previous closing of Rs 136/ kg; while the RSS-5 variety jumped to 133/ kg compared to its previous closing of Rs 132/ kg.

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