MoneyWorks4Me

Physical Rubber prices extend gains on Tuesday

05 Jul 2023 Evaluate

Physical Rubber prices extended gains on Tuesday due to firm demand from consuming industries, while tighter inventories also supported rubber price’ uptrend. But investors are cautiously awaiting minutes of the US Federal Reserve’s June meeting due today for more cues on the Fed’s rate-hike path.

Spot prices for RSS-4 variety gained to Rs 155/ kg compared to its previous closing of Rs 154.50/ kg; while the RSS-5 variety rose to Rs 152/ kg compared to its previous closing of Rs 151.50/ kg.