Copper prices decreased by 0.27%, closing at Rs 1,336.7, as profit-taking occurred following recent increases attributed to tightening global supplies and robust demand from China. Despite the minor correction, broader market sentiment remained bolstered by declining exchange inventories and improving physical demand in China. Traders exhibited a degree of caution as they awaited further clarity Read More
Crude oil prices experienced a notable increase of 3.19%, concluding at Rs 8,410. This surge was propelled by rising geopolitical tensions in the Middle East, which heightened apprehensions regarding possible interruptions to global oil supplies. Ongoing military operations by the United States against Iran, coupled with escalating threats to maritime shipping in the Red Sea Read More
Zinc prices concluded the trading session with an increase of 0.82%, reaching Rs 376.6. This rise was bolstered by short covering and ongoing apprehensions regarding imminent supply constraints, even amid the prevailing uncertainty related to the US-Iran conflict. Investors maintained their evaluation of diplomatic initiatives designed to alleviate geopolitical tensions and the potential consequences for Read More
Natural gas prices concluded the trading session with a 0.25% increase, reaching Rs 275.3. This uptick can be attributed to short covering following recent downturns, which were influenced by increased production, diminished liquefied natural gas export flows, and anticipations that Tropical Storm Bertha would lead to a temporary decline in energy demand along the US Read More
The price of the yellow metal in India’s retail market experienced an increase on Wednesday, 22 July, in the context of ongoing tensions between the United States and Iran. Both 24-karat and 22-karat gold rates are exhibiting a slight uptick across prominent urban centers. In contrast, silver prices experienced a downturn in the domestic bullion Read More
Aluminium prices concluded the session at Rs 341.05, reflecting a decline of 0.55%. This decrease was influenced by resurfacing inflation worries, as escalating geopolitical tensions in the Middle East drove crude oil prices higher, thereby strengthening the outlook for prolonged elevated global interest rates. However, the downside remained constrained as supply-side risks continued to bolster Read More
Crude oil prices concluded the trading session with an increase of 0.49%, reaching Rs 7,949. This rise was underpinned by intensifying geopolitical tensions in the Middle East, which have maintained a notable risk premium within energy markets. Prices exhibited significant volatility following U.S. President Donald Trump’s assertion that Iran would be accountable for the fatalities Read More
Gold prices concluded the trading session with an increase of 0.34%, reaching Rs 141,388. This uptick was bolstered by short covering and ongoing geopolitical uncertainty related to the U.S.-Iran situation. Market participants closely observed diplomatic developments following Iran’s indication that negotiations with the United States could advance if they align with national interests. Simultaneously, anticipations Read More
Copper prices fell by 0.47%, closing at Rs 1,302.35, influenced by widespread selling in industrial metals amid rising tensions between the United States and Iran, which dampened investor appetite for risk assets. Market sentiment experienced pressure from disappointing economic data out of China, although supply disruptions in Chile mitigated the extent of the decline. China’s Read More
Natural gas prices increased by 2.47%, concluding at Rs 281.70, bolstered by short covering and enhanced demand expectations. Market sentiment improved as forecasts indicated a rise in petrol consumption in the upcoming weeks, supported by heightened feedgas flows to the Freeport LNG export facility in Texas after previous operational setbacks. Fundamental indicators continued to exhibit Read More
Gold prices concluded the trading session with an increase of 0.4%, reaching Rs 140,906. This uptick was driven by bargain buying following recent declines, bolstered by Goldman Sachs’ projections regarding ongoing gold acquisitions by central banks. Despite the daily recovery, bullion experienced a weekly decline as rising geopolitical tensions between the United States and Iran Read More
Zinc prices increased by 0.84%, closing at Rs 377.30, bolstered by constricting near-term supply conditions and positive manufacturing data from key economies. Market sentiment showed signs of improvement as manufacturing indicators from China, Europe, and the United States suggested ongoing industrial resilience in the face of elevated input costs. However, gains remained constrained by rising Read More
Crude oil prices concluded the trading session with a slight increase, rising by 0.01% to reach Rs 7,614. This uptick was driven by escalating geopolitical tensions in the Middle East, which counterbalanced worries regarding the growing global supply. Market sentiment remained buoyed following reports that Iran has encouraged Yemen’s Houthis to brace for possible disruptions Read More
Gold prices fell by 0.29%, closing at Rs 141,850, as the release of softer U.S. inflation data alleviated immediate concerns regarding rate hikes. Concurrently, rising tensions in the Middle East and increasing crude oil prices sustained demand for safe-haven assets. Despite the easing of inflation bolstering expectations for forthcoming monetary easing, markets continued to factor Read More
Copper prices concluded the session with a slight decline of 0.01%, settling at Rs 1,311.75, as investors weighed the impact of lacklustre macroeconomic indicators from China against the backdrop of milder inflation figures from the United States. China’s economic growth has decelerated to a three-and-a-half-year low, falling short of market expectations as subdued domestic demand Read More
Natural gas prices increased by 1.29% to close at Rs 282.7, buoyed by short covering following recent downturns. However, the overall fundamental perspective continues to be shaped by increasing domestic production and diminished demand for LNG exports. Maintenance work at Freeport LNG’s export facility in Texas has continued to restrict gas flows for liquefaction, thereby Read More
The yellow metal concluded at Rs 1,42,257 per 10 grams on the Multi Commodity Exchange on Wednesday, 15 July, whereas Silver finished at Rs 2,20,620 per kg. Spot gold price on the US Comex was approximately $4,036 per ounce, reflecting a decline of 0.38%. Meanwhile, silver was trading at $57.34 per ounce on the exchange, Read More
Copper prices advanced 1.20% to settle at Rs 1,311.9, buoyed by improving demand signals from China, tightening global inventories, and ongoing supply concerns. Geopolitical tensions in the Middle East have positively influenced sentiment, as renewed attacks involving the United States and Iran have intensified concerns regarding potential disruptions to global trade via the Strait of Read More
Crude oil prices experienced a notable increase of 3.04%, closing at Rs 7,584. This rise was primarily influenced by heightened geopolitical tensions in the Middle East, which have rekindled apprehensions regarding global energy supplies. The United States has reinstated a naval blockade of Iran, as renewed hostilities between Washington and Tehran have heightened concerns regarding Read More
Aluminium prices increased by 0.40%, concluding at Rs 339.80, bolstered by persistent supply concerns and the contraction of exchange inventories. Visible aluminium stocks in LME-registered warehouses have reached their lowest level since 2022, while inventories at the Shanghai Futures Exchange have decreased by 4.8%, underscoring robust physical demand. Renewed geopolitical uncertainty following fresh U.S. strikes Read More
