Physical rubber prices decline on Saturday

Physical rubber prices witnessed some profit booking on Saturday and closed lower, taking cues from the weakness in the domestic futures market. The market lost further on buyer resistance amidst scattered transactions.

Spot prices for RSS-4 variety closed at Rs 208/kg compared to its previous closing of Rs 208.50/kg, while the  RSS-5 variety closed at Rs 204/kg compared to its previous closing of Rs 206/kg.

In the futures market the contract of RSS-4 for August delivery closed at Rs 208.20 compared to its previous closing of Rs 208.76, while the contract of September delivery closed at Rs 207.24 compared to its previous closing of Rs208.48 on the National Multi Commodity Exchange.