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Physical Rubber prices witness gain on Friday

21 Sep 2024 Evaluate
Physical Rubber prices witnessed gains on Friday amidst firm demand and concerns about natural rubber shortage in the country. Although, some gains were checked as the all India Rubber Industries Association predicted a potential 5-7% decline in rubber prices from current levels in the near term due to the slowdown in the automotive sector. 

Spot prices for RSS-4 variety gained at Rs 231/ kg compared to its previous closing of Rs 230/ kg; while the RSS-5 variety rose at Rs 228/ kg compared to its previous closing of Rs 227/ kg.

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