Copper settled 0.99% lower at Rs 1,405.25, influenced by weak economic data from China, rising oil prices, and a stronger US dollar, which collectively dampened demand prospects. China’s industrial profit growth experienced a further deceleration in August, as advancements in technology manufacturing associated with the AI boom were counterbalanced by ongoing weak domestic demand. Increased Read More
Crude oil concluded the trading session with a 0.71% increase, reaching Rs 8,911, following US President Donald Trump’s dismissal of Iran’s recent proposal aimed at resolving the conflict and reopening the Strait of Hormuz, thereby maintaining heightened geopolitical supply risks. Crude exports from major Middle East producers increased to 12.8 million barrels per day in Read More
Gold and silver prices continued their decline for a second consecutive day on the Multi Commodity Exchange on Tuesday, driven by increasing oil prices that heightened inflation concerns and bolstered expectations for further interest rate hikes by the Federal Reserve. In the domestic market, MCX silver futures for September 2026 delivery experienced a decline of Read More
Zinc settled lower by 1.03% at Rs 422.35 as a stronger US dollar and expectations of further Federal Reserve rate hikes to contain inflation pressured prices, while supply concerns limited the downside. Nyrstar announced a strategic review of its Dutch zinc smelting operations, raising concerns over future refined zinc availability. China’s zinc production contracted for Read More
After prices surged due to supply problems in West Virginia and TC Energy’s Columbia Gas Transmission pipeline in Appalachia declared force majeure due to an unforeseen mechanical fault, natural gas finished sharply down by 4.52% at Rs 310.6 as profit booking surfaced. The disruption prompted the most significant single-day increase in US natural gas prices Read More
Gold and silver prices commenced the trading session on the Multi Commodity Exchange with a notable decline on Monday, influenced by increasing oil prices that heightened inflation apprehensions and bolstered anticipations of additional rate hikes by the Federal Reserve. In the domestic market, MCX silver futures for September 2026 delivery experienced a decline of Rs Read More
Aluminium concluded the trading session with a 0.3% increase, reaching Rs 347.15. This uptick was bolstered by constrained physical supply conditions and interruptions in regional production, influenced by the ongoing US-Iran conflict. In July, aluminium production in the GCC experienced a significant decline of 44% compared to the same month last year. Concurrently, LME inventories Read More
Crude oil settled up 3.88% at Rs 9,167, as escalating tensions in the Middle East obscure the likelihood of a diplomatic resolution and heighten worries regarding potential extended disruptions to regional supply. Iran’s Supreme Leader’s military adviser cautioned that the conflict might extend from the Persian Gulf, Strait of Hormuz, and Red Sea into the Read More
Copper prices concluded the trading session with a decline of 0.59%, settling at Rs 1,406.75. This downturn was influenced by a robust dollar and profit-taking activities following recent upward movements. Comex copper inventories have begun to show slight daily inflows, while the premium of US copper futures relative to LME prices has risen following a Read More
Crude oil prices concluded the trading session with an increase of 2.11%, reaching Rs 8,825, as market participants evaluated the initiatives aimed at reinstating interrupted supplies from the Middle East, all while grappling with ongoing geopolitical uncertainties. Saudi Arabia is poised to resume exports via its essential East-West pipeline, which may circumvent the Strait of Read More
Zinc prices settled down 0.39% at Rs 434.1, influenced by elevated prices that weakened demand and discouraged buying in China. Additionally, expectations of increased Chinese export deliveries to the LME contributed to the downward pressure. The decline was also influenced by a sharp pullback in copper amid changing tariff expectations, which weighed on the broader Read More
Natural gas prices experienced an increase of 3.52%, closing at Rs 282.5. This rise was bolstered by a reduction in daily US production and enhanced flows toward liquefied natural gas exports, despite the fact that overall supply continues to be high. LSEG data indicated that average Lower 48 gas output reached 113.0 billion cubic feet Read More
Gold and silver prices exhibited a mixed opening on the Multi Commodity Exchange on Wednesday, as investors evaluated the likelihood of major central banks maintaining elevated interest rates for an extended period in their ongoing efforts to manage persistent inflation. In the domestic market, MCX silver futures for September 2026 delivery increased by Rs 780, Read More
Copper prices settled up 0.67% at Rs 1412.45, driven by expectations of a seasonal increase in Chinese demand that bolstered speculative buying. Traders are closely monitoring the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping, seeking clarity on potential refined copper tariffs. Anticipations regarding inventory replenishment in China in advance of Read More
Crude oil prices experienced a decline of 4.2%, closing at Rs 8,836. This movement reflects investor sentiment leaning toward the potential for enhanced shipment prospects from Saudi Arabia, even in the face of persistent attacks by Yemeni Houthis and the prevailing uncertainty related to the US-Iran standoff. President Donald Trump suggested a potential willingness to Read More
Aluminium prices concluded at Rs 353.15, reflecting a 0.28% increase, bolstered by constrained physical availability and diminishing inventories on the Shanghai Futures Exchange. However, the supply outlook may enhance as numerous smelters recommence curtailed capacity and embark on expansion initiatives. The US-Iran conflict has significantly impacted aluminium supplies originating from the Gulf region, evidenced by Read More
Natural gas prices concluded the session with a 0.14% increase, reaching Rs 279.6. This uptick was bolstered by optimistic demand projections for the upcoming week and increased inflows to US LNG export facilities. However, the extent of the gains was limited by unprecedented production levels and adequate storage capacities. US Lower 48 gas output averaged Read More
Gold and silver prices commenced the trading session on the Multi Commodity Exchange on Monday with a decline, interrupting a two-day upward trend. This shift comes as investors assess the latest tensions between Iran and the US, ongoing developments in the Middle East, and the possible repercussions for inflation and interest rates. In the domestic Read More
Zinc settled 1.8% higher at Rs 427.65 following reports of an industrial accident at Korea Zinc’s Onsan smelter, which raised concerns regarding near-term supply. Additionally, tight inventories outside China offered further support. The LME cash zinc contract premium over the three-month contract persisted at a high level of $124 per tonne, indicative of limited physical Read More
Crude oil settled 0.62% lower at Rs 9,758, reflecting a reduction in concerns regarding supply disruptions following Saudi Arabia’s indication that it could restore approximately half of the damaged East-West pipeline capacity within days and achieve full operations within six weeks. Saudi Aramco is endeavouring to circumvent impaired segments and restore partial flows, while Riyadh Read More
