Shares Bazaar

Physical Rubber prices extend gains on Wednesday

Physical Rubber prices extended gains on Wednesday due to strong demand and supply concerns in the domestic market. Rubber prices also have been supported by the end of the tapping season in Southeast Asia, including Thailand and Vietnam.

Spot prices for the RSS-4 variety rose to Rs 209.50/kg to its previous closing of Rs 208.50/kg; while the RSS-5 variety gained to Rs 204/kg to its previous closing of Rs 203.50/kg.