Physical Rubber prices witnessed weakness on Thursday on account of buyer resistance in the market. Further, weakness in domestic futures and overseas trendsetters too weighed on physical rubber prices.
Spot prices for RSS-4 variety declined to Rs 170.50/ kg compared to its previous closing of Rs 171/ kg; while the RSS-5 variety fell to Rs 167.50/kg compared to its previous closing of Rs 168/ kg. In the futures market, April delivery declined to Rs 169.96 compared to its previous closing of Rs 170.85 on the Indian Commodity Exchange Limited (ICEX).