Physical rubber prices declined on Thursday

Physical rubber prices declined on Thursday due to buyer resistance in the market.

Spot prices for RSS-4 variety declined to Rs 128.50 / kg compared to its previous closing of Rs 129 / kg, while RSS-5 variety closed at Rs 124 / kg compared to its previous close of Rs 125 / kg.

In the futures market, contract of September delivery declined to Rs 126.60 compared to its previous close of Rs 127.14, while October delivery closed at Rs 125.38 compared to its previous closing of Rs 126.07 on the National Multi Commodity Exchange (NMCE).