Physical Rubber prices witnessed weakness on Monday due to concerns over alarming increase in the number of corona-virus cases in the Country. Moreover, buyer resistance in the market too kept the sentiments under pressure.
Spot prices for RSS-4 variety fell to Rs 169/ kg compared to its previous closing of Rs 170/ kg; while the RSS-5 variety declined to Rs 166/ kg compared to its previous closing of Rs 167/ kg. In the futures market, May delivery lost to Rs 170.50 compared to its previous closing of Rs 170.93 on the Indian Commodity Exchange Limited (ICEX).