Physical Rubber prices extend gains on Friday

Physical Rubber prices extended gains on Friday due to strong demand at domestic markets. Moreover, expectations of tighter global supplies due to wet weather in the world’s top producer Thailand, also supported rubber prices’ up-move.
Spot prices for the RSS-4 variety rose to Rs 202.50/kg compared to its previous closing of Rs 202/ kg; while the RSS-5 variety gained to Rs 199.50/kg compared to its previous closing of Rs 199/ kg.