PHYSICAL RUBBER PRICES EXTEND GAINS ON MONDAY
Date: 20/3/2012
Physical rubber prices continued their northbound journey on Monday mainly on covering purchases. The gains in domestic and international futures too aided to the upmove of the commodity prices. However, the market seemed to be moving under the control of speculators.
Spot prices for RSS-4 variety closed at Rs 195/kg compared to its previous closing of Rs 194/kg; while RSS-5 variety closed at Rs 193/kg compared to its previous closing of Rs 191/kg.
In futures market, the contract of RSS-4 for April delivery improved to Rs 199.45 compared to its previous closing of Rs 198.68, while the contract for May delivery closed at Rs 204.25 compared to its previous closing of Rs 203.22 on the National Multi Commodity Exchange.
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