Zinc prices advanced 1.63% to settle at Rs 364.2, buoyed by short covering and ongoing apprehensions regarding constricting mine supply. Zinc remained the sole base metal on the London Metal Exchange to conclude June with its forward curve in backwardation, indicative of constrained near-term availability. Supply disruptions at major mining and smelting operations persisted, supporting Read More
Natural gas prices increased by 2.97% to close at Rs 312, bolstered by short covering amid heightened liquefied natural gas export demand and anticipations of unprecedented electricity consumption, which enhanced market sentiment. A severe heat wave across the United States has led to a notable surge in air-conditioning demand, as temperatures in New York City Read More
Gold and silver prices opened sharply lower on the MCX on Wednesday as hopes for a lasting U.S.-Iran peace agreement diminished, heightening inflation concerns and bolstering expectations that the Federal Reserve may maintain elevated interest rates. In the domestic market, silver futures for September 2026 delivery decreased by Rs 5,662, reflecting a decline of 2.5%, Read More
Aluminium prices experienced a decline of 1.07%, concluding at Rs 329.35, as the alleviation of geopolitical tensions between the US and Iran mitigated worries regarding potential supply disruptions from the Middle East. Market sentiment improved following the agreement between both countries to resume discussions regarding the Strait of Hormuz in Qatar, which alleviated concerns about Read More
Crude Oil prices increased by 2.30%, closing at Rs 6,728, as renewed military exchanges between the US and Iran underscored the tenuous nature of their interim peace agreement, thereby maintaining a heightened geopolitical risk premium. However, gains were capped after both countries agreed to resume negotiations over the Strait of Hormuz, raising hopes of preserving Read More
Gold and silver prices experienced a decline exceeding 1% on the Multi Commodity Exchange on Tuesday. This drop was influenced by escalating tensions in the Middle East, which bolstered expectations that the US Federal Reserve may implement further interest rate hikes to address persistent inflationary pressures. Gold futures with August expiry on the MCX declined Read More
Copper prices concluded the session with a 0.40% increase, reaching Rs 1,266.65. This uptick was bolstered by a reduction in exchange inventories and a more favourable medium-term supply outlook, although the extent of the gains was limited by a reduction in geopolitical tensions. LME copper stocks declined to 339,100 metric tonnes, marking their lowest level Read More
Natural gas prices concluded the trading session with a 0.38% increase, reaching Rs 312.9. This uptick was bolstered by enhanced flows to U.S. liquefied natural gas export facilities, alongside predictions of above-normal temperatures that are anticipated to elevate electricity demand for air conditioning purposes. Weather forecasts suggest that above-average temperatures will continue until July 11, Read More
Gold prices concluded the trading session with an increase of 0.72%, reaching Rs 144,162. This rise was bolstered by a decline in the value of the U.S. dollar and a slight reduction in anticipations regarding stringent U.S. monetary policy following the publication of inflation statistics. The dollar experienced a decline from its recent peaks after Read More
Zinc prices experienced a decline of 2.39%, settling at Rs 353.7. This decrease was influenced by a stronger U.S. dollar, as investors raised their expectations for additional rate hikes by the Federal Reserve. The dollar ascended to a 13-month peak, diminishing the attractiveness of industrial metals and exerting pressure on the overall sentiment surrounding commodities. Read More
Crude oil prices experienced a significant decline of 4.24%, settling at Rs 6,669. This movement reflects increasing indications of enhanced global supply conditions alongside a reduction in geopolitical risks. Market sentiment showed signs of deterioration as an increasing number of oil tankers readied for transit through the Strait of Hormuz, alleviating fears regarding potential supply Read More
Gold and silver prices continued to decline for a second consecutive session on the MCX on Thursday, influenced by a robust U.S. dollar and increasing anticipations regarding a potential interest rate hike by the Federal Reserve this year. In the domestic market, MCX silver futures for July 2026 delivery experienced a decline of Rs 15,526 Read More
Aluminium prices experienced a decline of 2.57%, settling at Rs 345.25, as the easing of geopolitical tensions in the Middle East alleviated concerns regarding potential supply disruptions. Market sentiment deteriorated after the United States provided Iran with a 60-day sanctions waiver in the wake of preliminary peace negotiations, enhancing expectations for a gradual normalisation of Read More
Natural gas prices experienced a significant decline of 3.55%, closing at Rs 299. This drop can be attributed to robust storage levels and projections suggesting a weaker demand in the upcoming fortnight compared to earlier expectations. Market sentiment persisted in a bearish stance, even with forecasts indicating warmer-than-normal weather extending into early July. This trend Read More
Gold and silver prices commenced the day with a notable decline on the Multi Commodity Exchange on Wednesday, driven by a robust dollar and increasing anticipations of U.S. interest rate increases, which overshadowed the positive sentiment stemming from decreasing oil prices as the Strait of Hormuz slowly re-opens. In the domestic market, MCX silver futures Read More
Copper prices concluded the trading session with a 0.44% increase, reaching Rs 1,315.3. This uptick was bolstered by a decline in energy costs and a favourable outlook for global manufacturing demand. The decline in crude oil prices followed encouraging developments in U.S.-Iran negotiations, with both sides signalling progress toward restoring trade and energy flows through Read More
Crude oil prices experienced a significant decline of 3.84%, settling at Rs 6,983, as the easing of geopolitical tensions in the Middle East alleviated concerns regarding potential supply disruptions. Market sentiment improved following reports of advancements in negotiations between the United States and Iran. Iranian Foreign Minister Abbas Araghchi noted that discussions conducted in Switzerland Read More
Gold prices increased by 0.62%, closing at Rs 148,118, bolstered by a decrease in Brent crude oil prices amid positive developments in U.S.-Iran negotiations. Senior officials from both countries concluded their first round of talks in Switzerland, with reports indicating constructive developments and a continuation of the earlier ceasefire framework. However, gains in bullion remained Read More
Zinc prices experienced a decline of 1.13%, settling at Rs 366.5, influenced by the strengthening of the U.S. dollar following the postponement of peace talks between the United States and Iran. The dollar climbed to a one-year high as uncertainty surrounding Middle East tensions increased following Switzerland’s confirmation that negotiations between U.S. and Iranian officials Read More
Natural Gas prices declined by 0.36% to close at Rs 302.1, influenced by a modest rise in daily production and anticipations that storage levels will stay well above seasonal averages. Despite forecasts indicating warmer-than-normal temperatures through early July, which are expected to bolster cooling demand and elevate gas consumption by power generators, the market exhibited Read More
