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Physical Rubber prices extend gains on Thursday

13 Aug 2021 Evaluate

Physical Rubber prices extended gains on Thursday due to covering purchases in the market, while supply constraints also bolstered rubber prices. However, some gains were capped by concerns over surging Delta variant of the coronavirus, which is spreading around the globe.

Spot prices for RSS-4 variety rose to Rs 178.50/ kg compared to its previous closing of Rs 177.50/ kg; while the RSS-5 variety gained to Rs 176.50/ kg compared to its previous closing of Rs 175.50/ kg.