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Physical Rubber prices extend gains on Saturday

15 Mar 2021 Evaluate

Physical Rubber prices extended gains on Saturday amid fresh enquiries from the non-tyre sector. Moreover, rising crude oil prices also supported rubber prices.

Spot prices for RSS-4 variety rose to Rs 169/kg compared to its previous closing of Rs 168/kg; while the RSS-5 variety gained to Rs 165/kg compared to its previous closing of Rs 164/kg. In the futures market, April delivery gained to Rs 166.80 compared to its previous closing of Rs 166.45 on the Indian Commodity Exchange Limited (ICEX).

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