Physical Rubber prices witnessed gain near seven year high level on Monday, due to the increased demand for the commodity in line with the surging demand for rubber glove industry. Moreover, increasing export demands also added the upside.
Spot prices for RSS-4 variety rose to 170.00 compare to its previous close of 169.00/kg; while the RSS-5 variety gained to Rs 166.00/ kg compared to its previous closing of Rs 165.00/ kg
In the futures market, February delivery trading up by Rs 0.39 or 0.23% at Rs 167.80 compared to its previous closing of Rs 167.41 on the Indian Commodity Exchange Limited (ICEX).