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Physical rubber prices gain snapping the consolidation mood

17 Oct 2011 Evaluate

Physical rubber prices improved on Saturday, breaking their consolidation mood of almost a week. The gains were mainly induced by some buying activity and gain in future prices.

Spot prices for RSS-4 variety closed at Rs 215/kg compared to its previous closing of Rs 214/kg, while the RSS-5 variety closed at Rs 212/kg compared to its previous closing of Rs 211/kg.

In the futures market, the contract of RSS-4 for October delivery expired at Rs 218.25 compared to its previous closing of Rs 214.80, while the contract for November delivery closed at Rs 216.20 compared to its previous closing of Rs 214.59 on National Multi Commodity Exchange.

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