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Physical rubber prices rule steady on Thursday

26 Oct 2012 Evaluate

Physical rubber prices ruled steady on Thursday as there were no fresh initiatives to set a definite trend in the market. However, the commodity continued to remain in a holiday mood even after the Pooja holidays and on the eve of Id-ul-Zuha.

Spot prices for RSS-4 and RSS-5 variety remain unchanged at Rs 177/ kg and Rs 173/ kg respectively.

In the futures market, contract of November delivery improved to Rs 179.35 compared to its previous close of Rs 177.91, while December delivery closed at Rs 180.20 compared to its previous closing of Rs 178.56 on the National Multi Commodity Exchange (NMCE).

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