Physical Rubber prices witnessed weakness on Thursday due to buyer resistance along with profit booking at higher levels. Further, worries of accelerated spread of Omicron corona-virus variant also weighed down rubber prices. Although, unexpected drop in arrivals in the market capped further fall in rubber prices.
Spot prices for RSS-4 variety fell to Rs 163/ kg compared to its previous closing of Rs 165.50/ kg; while the RSS-5 variety declined to Rs 160/ kg compared to its previous closing of Rs 161.50/ kg.