Physical rubber prices showed mixed trend on Saturday, there was some improvement in the future prices that helped the spot markets too, however the buyers’ resistance continued preventing any further upmove in the prices.
Spot prices for RSS-4 variety closed at Rs 192/kg compared with its previous closing of Rs 191/kg, while RSS-5 variety closed unchanged at Rs 188/kg.
In the futures market, the contract of RSS-4 for December delivery improved to Rs 195.70 compared to its previous closing of Rs 194.98, while the contract for January delivery closed at Rs 197.70 compared to its previous closing of Rs 196.76 on the National Multi Commodity Exchange.
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