Zinc experienced a decline of -0.87% yesterday, closing at Rs 291.9, amid escalating U.S.-China trade tensions following China’s decision to broaden rare earth export controls and President Trump’s warning of significant new tariffs. The downside, however, was constrained by supply issues stemming from the shutdown of Japan’s significant Toho Zinc Annaka facility and lowered output Read More
Natural gas prices experienced a decline of 5.16%, closing at Rs 275.6. This drop can be attributed to high storage levels and predictions of mild weather extending into late October, which are anticipated to restrict both heating and cooling demand. The recent decline interrupted a two-week upward trend, as prices decreased by more than 4% Read More
Silver prices jumped more than 2% on Monday, surpassing the $51 per ounce mark to hit a new record high as investors turned to safe-haven assets amid escalating global uncertainty. The surge follows renewed trade tensions between the United States and China, with tariff threats once again rattling markets and sparking fears of a prolonged Read More
Copper prices increased by 0.39% to close at Rs 1003.25, reflecting upward movements on the LME where prices reached $11,000 a ton — the highest level in more than 16 months — driven by supply disruptions and a resurgence of speculative inflows. Concerns regarding shortages have escalated following Teck Resources’ reduction of its long-term production Read More
Crude oil prices experienced a decline of 2.04%, settling at Rs 5,462 per barrel, as market participants responded to reports indicating a potential ceasefire deal in Gaza, which has contributed to a reduction in geopolitical tensions in the Middle East. U.S. crude inventories have increased for the second consecutive week, rising by 1.8 million barrels Read More
Gold prices experienced a notable decline of 2.2%, settling at Rs 1,20,493 per 10 grams. This drop can be attributed to a strengthening dollar and profit-taking by investors following the announcement of a ceasefire agreement between Israel and Hamas. The decline ensued after a record-high rally, propelled by geopolitical tensions and anticipations of U.S. rate Read More
Aluminium prices increased by 0.50%, closing at Rs 262.95. This movement aligns with the strength observed in LME prices, which have reached a 16-month peak due to decreasing inventories and tightening supply conditions. LME on-warrant inventories decreased by 15% in the last month, now standing at 398,775 tons, indicative of robust physical demand coupled with Read More
Natural gas experienced a decline of 3.58% yesterday, closing at Rs 296.3. This drop was influenced by a smaller-than-anticipated reduction in output and adequate storage levels, which overshadowed the positive impact of cooler weather forecasts. U.S. production in the Lower 48 states has averaged 106.4 billion cubic feet per day (bcfd) in October, showing a Read More
Silver is currently valued at around $49 per ounce, as markets grapple with ongoing economic and geopolitical uncertainties. The looming U.S. government shutdown has added to the uncertainty, delaying the release of critical economic data and clouding projections for growth and stability. Minutes from the Federal Open Market Committee meeting have further highlighted concerns surrounding Read More
Zinc prices increased by 1.04% to Rs 296.25, reflecting LME levels surpassing $3,015 per tonne for the first time this year, driven by escalating supply concerns. Despite a 6.3% year-on-year increase in mined zinc output during the first half of 2025, refined production experienced a decline of more than 2%. This downturn can be attributed Read More
Crude oil prices experienced a decline of 0.20%, settling at Rs 5,480, as persistent oversupply concerns and weak demand prospects weighed on the market. This downward movement was somewhat mitigated by ongoing geopolitical risks that prevented prices from falling further. Global oil inventories, which encompass crude stored on water, experienced a weekly increase throughout September, Read More
Gold prices increased by 0.72% to Rs 1,21,111, buoyed by global economic uncertainty and robust anticipations of additional US rate cuts. The current US government shutdown, which has extended following several unsuccessful funding bills, has left markets without crucial economic data, thereby bolstering demand for safe-haven assets. Market participants are anticipating 25-basis-point reductions in the Read More
Aluminium prices increased by 0.64%, concluding at Rs 261.35, bolstered by apprehensions regarding supply and a resurgence in demand as operational rates improved. Ongoing supply challenges, such as interruptions in Guinea and constrained production in China, supported price levels. China’s manufacturing PMI registered at 49.8, remaining below the critical 50 threshold, indicative of lackluster industrial Read More
Natural gas prices increased by 0.57% to reach a settlement at Rs 300, bolstered by a storage build from the EIA that was tighter than anticipated, alongside robust demand for LNG exports. The most recent report indicated a storage increase of 53 billion cubic feet (bcf) for the week ending September 26, which falls short Read More
Gold prices surged by 1.81% to settle at Rs 1,20,249, driven by renewed safe-haven demand amid escalating concerns over the prolonged US government shutdown, which was extended after the Senate failed to reach a funding deal. The shutdown has postponed the release of crucial economic data, such as the September non-farm payrolls report, compelling traders Read More
Copper experienced a significant increase yesterday, rising by 3.38% to reach Rs 990.05, driven by renewed concerns regarding supply following several disruptions that impacted market expectations. The recent mud-flow incident at Indonesia’s Grasberg mine has resulted in a suspension of operations, with a return to full-scale output anticipated no sooner than early 2027. Freeport-McMoRan has Read More
Crude oil yesterday settled lower by -0.98% at Rs 5439, influenced by renewed oversupply concerns stemming from reports that OPEC+ might increase production in the coming month. This development has compounded the pressures arising from the ongoing U.S. government shutdown and a decline in seasonal demand. Iraq, the second-largest producer within OPEC, is set to Read More
This marks the highest price that silver has reached since April 2011, when it reached $48.3 per ounce on Monday. As a result of the ongoing political and economic unpredictability that is linked with the shutdown of the United States government, investors have been gravitating into safe-haven assets, which has led to this spike. Because Read More
Zinc concluded the day with a gain of 0.68%, reaching Rs 290.2, bolstered by declining inventories and increasingly constrained supply conditions in China. LME stocks have experienced a decline exceeding 5% over the past three days, now standing at 40,500 tonnes, which represents an 80% decrease year-to-date. Concurrently, zinc inventories on the Shanghai Futures Exchange Read More
Natural gas experienced an increase of 4.12% yesterday, closing at Rs 308.3. This rise was bolstered by a decline in daily production and technical short-covering, despite projections indicating a potential decrease in demand in the short term. Prices increased even in the face of reduced gas flows to LNG export facilities, adequate storage levels, and Read More
