Physical rubber prices extended gains on Thursday on the back of fresh buying and short covering amid moderate gains in the domestic futures market. Though, the global markets showed good uptrend on favorable economic news and reports.
Spot rates for RSS-4 variety closed at Rs 197/kg compared to its previous closing of Rs 195/kg , while the RSS-5 variety closed at Rs 194/kg compared to its previous closing of Rs 191/kg.
In futures market, the contract for RSS 4 for December delivery closed at Rs 199.25 compared to its previous closing of Rs 196.91, while the contract for January delivery closed at Rs 200.02 compared to its previous closing of Rs 197.65 on the National Multi Commodity Exchange.
