Physical rubber prices remain steady on Saturday

Physical rubber prices closed unchanged on Saturday with market remaining in a neutral position on absence of requisite sellers. However, weak closing of commodity futures forced the market to remain under pressure.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 174/ kg and Rs 167/ kg respectively.

In the futures market, the contract of August delivery closed at Rs 175 compared to its previous close of Rs 176.05, while September delivery closed at Rs 167.10 compared to its previous close of Rs 166.76 on the National Multi Commodity Exchange.