Physical rubber prices improved on Monday tracking the gains in the future market. There was some cautiousness in the beginning but the markets firmed up as the trade progressed on covering purchases at lower levels, however the volumes remained lower.
Spot prices for RSS-4 variety closed at Rs 194 compared to its previous closing of Rs 190, while RSS-5 variety closed at Rs 191 compared with its previous closing of Rs187.
In futures market, the contract of RSS-4 for December delivery surged to Rs 197.10 compared to its previous closing of Rs 192.98, while the contract for January delivery closed at Rs 198.20 compared to its previous closing of Rs 193.70on National Multi Commodity Exchange.
