Copper settled 0.18% higher at Rs 1,378.3, buoyed by diminishing inventories and a constricting supply landscape beyond the borders of the United States. LME copper inventories decreased to 204,975 tonnes, reflecting a 48% decline since late May. Concurrently, the cash premium over three-month futures increased to $256.50 per tonne, marking the highest level since June Read More
Natural gas settled 1.19% higher at Rs 263.7, bolstered by projections for heightened demand due to the anticipated continuation of hotter-than-normal weather across the United States thru August 29, which is likely to elevate air-conditioning requirements from power generators. Average US Lower 48 gas output increased to 111.3 billion cubic feet per day in August, Read More
Aluminium prices concluded the trading session down by 1.73% at Rs 346.80, influenced by enhanced supply expectations from the Middle East and the anticipated restoration of smelting capacity affected by conflict, which alleviated fears of regional shortages. This occurred in the context of stalled peace talks between the U.S. and Iran, alongside ongoing threats to Read More
Natural gas prices concluded the trading session with a decline of 2.8%, settling at Rs 260.6. This decrease can be attributed to robust production levels in the U.S. and sufficient storage inventories, which overshadowed the persistent demand influenced by weather conditions in the power sector. Hotter-than-normal weather is anticipated to continue until August 28, which Read More
Gold and silver prices commenced the day on a downward trajectory on the MCX this Friday, as investors capitalised on profits following a significant increase observed in the preceding sessions. The decline occurred notwithstanding the moderate US inflation figures, which further diminished anticipations of a Federal Reserve interest rate increase in September. In the domestic Read More
Zinc settled 0.56% higher at Rs 395.55, bolstered by constrained mine supply, diminishing overseas inventories, and robust LME calendar spreads, which persistently indicate short-term market tightness. LME zinc inventories decreased to 95,000 tonnes, with cancelled warrants holding steady at a quarterly high, while on-warrant stocks dipped below critical thresholds, heightening the risk of a possible Read More
Crude oil settled 0.15% lower at Rs 7,928, influenced by downward revisions to global oil demand forecasts for 2026, a significant increase in U.S. crude inventories, and ongoing uncertainty regarding efforts to resolve the Iran conflict. Ongoing attacks on shipping in the Middle East have introduced additional geopolitical risk; however, this impact has been mitigated Read More
Gold and silver prices opened with a mixed performance on the MCX on Thursday, as softer-than-anticipated US consumer inflation diminished expectations for an imminent rate hike by the Federal Reserve. Investors are currently anticipating producer price data for additional insights into the trajectory of inflation. In the domestic market, silver futures for September 2026 delivery Read More
Copper prices concluded the trading session with a 0.16% increase, reaching Rs 1,379.15. This uptick was bolstered by expectations of tightening global supply and apprehensions regarding limited mine output. Potential U.S. import tariffs persisted in redirecting copper toward American warehouses, while the Democratic Republic of Congo’s copper concentrate export ban contributed to supply concerns. LME Read More
Natural gas prices concluded the trading session at Rs 265.4, reflecting a decline of 0.38%. This decrease is attributed to diminished LNG export flows, nearly unprecedented production levels, and anticipations of reduced demand in the forthcoming fortnight. In August, gas output in the U.S. Lower 48 states averaged 111.1 billion cubic feet per day, surpassing Read More
Gold and silver prices commenced the day on a positive note on the MCX this Wednesday, as investors look forward to the upcoming US inflation data for insights into the trajectory of the Federal Reserve’s monetary policy. Ongoing tensions in the Middle East have maintained a spotlight on concerns regarding inflation driven by oil. In Read More
Aluminium prices concluded the session with a 1.51% increase, reaching Rs 355.85, bolstered by diminishing exchange inventories and apprehensions regarding potential supply disruptions. LME aluminium inventories decreased to 254,900 tonnes, marking the lowest level this century, while stocks on the Shanghai Futures Exchange saw a reduction of 13,000 tonnes last week. Supply concerns intensified following Read More
Crude oil prices concluded the trading session with a 5.11% increase, reaching Rs 7,803. This uptick was bolstered by a prevailing optimism regarding diplomatic initiatives that may lead to the reopening of the Strait of Hormuz. However, the extent of these gains was tempered by Iran’s stipulations for compensation, the removal of restrictions on its Read More
Gold prices commenced significantly elevated on the MCX on Tuesday, as investors anticipated US inflation data for new insights regarding the Federal Reserve’s trajectory on interest rates. The recent rally persists in the face of concerns regarding the conflict in the Middle East, while prospects for the reopening of Hormuz appear bleak. In the domestic Read More
Copper settled lower by 0.76% at Rs 1,365.5, influenced by a 1.1% increase in Shanghai Futures Exchange warehouse inventories and a decline in Chinese manufacturing activity. China’s July manufacturing activity has decelerated to a four-month low, as the Politburo indicated a preference for existing policy measures over broad-based stimulus. This development has heightened concerns regarding Read More
Natural gas concluded the trading session with an increase of 0.75%, reaching Rs 255.6. This uptick was bolstered by a slight rise in flows to liquefied natural gas export facilities and anticipations of heightened demand driven by weather conditions. Forecasts indicate a tendency for temperatures to remain predominantly above normal until August 21, potentially leading Read More
Gold concluded the trading session with a notable increase of 1.99%, reaching Rs 1,51,820. This rise was bolstered by the release of softer U.S. inflation data, a decline in oil prices, and diminished expectations regarding additional rate hikes from the Federal Reserve. Markets currently assign a 55% likelihood to a rate hike in September, as Read More
Zinc prices settled 0.69% higher at Rs 394.85, buoyed by a more favourable market sentiment stemming from the alleviation of geopolitical tensions between the United States and Iran, alongside persistent worries regarding tight near-term supply. Risk appetite strengthened following renewed diplomatic efforts that alleviated concerns regarding the potential for further conflict in the Middle East. Read More
Crude oil prices experienced a significant rebound, closing 3.77% higher at Rs 7,377 due to value buying as markets reevaluated the geopolitical situation in the Strait of Hormuz. Iran has declared a temporary shipping agreement with Oman; however, officials have specified that this does not signify a complete reopening of the strategic waterway. Concurrently, optimism Read More
Gold and silver prices commenced the day on a positive note on the MCX on Friday, buoyed by a decline in oil prices over the week. Investors are keenly anticipating the U.S. nonfarm payrolls report for new insights regarding the trajectory of the Federal Reserve’s interest rate policy. In the domestic market, silver futures for Read More
