Physical rubber prices continued to gain further on Monday. The market made all round gains on supply concerns despite a weak closing in domestic futures on the commodity futures market.
Spot prices for RSS-4 variety improved to Rs 168/ kg compared to its previous closing of Rs 167/ kg, while RSS-5 variety closed at Rs 165/ kg compared to its previous closing of Rs 164/ kg.
In the futures market, contract of April delivery weakened to Rs 167.13 compared to its previous close of Rs 168.81, while May delivery closed at Rs 170.50 compared to its previous closing of Rs 172.05 on the National Multi Commodity Exchange (NMCE).
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