Physical Rubber prices witness gains on Saturday
Physical Rubber prices witnessed gains on Saturday driven by strong industrial demand and supply concerns globally. Moreover, surging crude oil prices have increased the production cost of synthetic rubber, making natural rubber more economically attractive to industrial buyers.
Spot prices for the RSS-4 variety rose to Rs 220/kg to its previous closing of Rs 219.50/kg; while the RSS-5 variety gained to Rs 216/kg to its previous closing of Rs 215/kg.
