Aluminium concluded the trading session with minimal movement, rising by 0.01% to Rs 344.4. This stability was influenced by China’s commitment to implement fiscal policy measures aimed at bolstering economic growth, which counterbalanced the anticipation of enhanced production in the Middle East and ongoing supply availability. China’s Q2 GDP growth decelerated to 4.3%, heightening anticipations Read More
Crude oil concluded the trading session with an increase of 0.85%, reaching Rs 7,964, as market participants observed the diplomatic negotiations between Iran and Oman regarding the Strait of Hormuz while evaluating the mixed signals from US inventory data. Technical discussions between Iran and Oman are anticipated to persist regarding the establishment of a permanent Read More
Copper prices concluded the trading session with a decline of 0.47%, settling at Rs 1,391. This downturn was primarily driven by a stronger dollar and a prevailing weaker macroeconomic sentiment, which overshadowed the renewed apprehensions regarding tightening availability on the LME. Uncertainty regarding potential US tariffs on refined copper imports has prompted notable stock fluctuations Read More
Natural gas prices concluded the trading session with an increase of 2.96%, reaching Rs 278.3. This rise was bolstered by heightened demand for cooling during the summer and anticipations of a storage injection that would be smaller than usual. However, the extent of the gains was limited by strong production levels in the US and Read More
Gold and silver prices commenced the day on a positive note on the Multi Commodity Exchange on Thursday, following a significant decline in oil prices that bolstered expectations for the US Federal Reserve to maintain current interest rates. Furthermore, a declining dollar provided a boost to precious metals, as investors focused on the upcoming remarks Read More
Zinc settled sharply higher by 3.05% at Rs 424.7, bolstered by tightening supplies outside China, a decrease in LME inventories, and apprehensions regarding possible production disruptions in China. LME zinc stocks have decreased by 25% since mid-June, now totalling 93,250 tonnes. Concurrently, the premium of LME cash zinc over three-month zinc has risen to $132 Read More
Crude oil settled sharply lower by 3.66% at Rs 7,837, as intensified U.S. economic pressure on Iran and its trading partners heightened uncertainty regarding the timing of a potential resolution to the conflict and the reopening of the Strait of Hormuz. U.S. Treasury Secretary Scott Bessent announced sanctions aimed at countries that persist in conducting Read More
Gold and silver prices commenced the day on a positive note on the Multi Commodity Exchange on Wednesday, as investors looked forward to crucial US inflation data for insights regarding the trajectory of the US Federal Reserve’s interest rate decisions in upcoming meetings. In the domestic market, silver futures for September 2026 delivery increased by Read More
Copper settled 0.09% lower at Rs 1,384.15 as a significant increase in exchange inventories alleviated worries regarding immediate supply constraints, while the growing availability exerted downward pressure on prices. LME-monitored inventories were recorded at 238,575 tonnes on August 20, reflecting an increase of approximately 16% from the lows observed in February. In contrast, SHFE stocks Read More
Natural gas settled 0.6% higher at Rs 266.4 as traders balanced expectations for persistent summer heat against abundant supply. The latest EIA report showed U.S. utilities added only 16 billion cubic feet of gas to storage in the week ended August 14, below the market expectation of 19 bcf, the 19 bcf injection recorded a Read More
Gold and silver prices commenced the trading session on the Multi Commodity Exchange with a decline on Tuesday, as market participants shifted their focus toward significant inflation metrics and an upcoming address by Federal Reserve Chair Kevin Warsh at the Jackson Hole Conference later this week. In the domestic market, silver futures for September 2026 Read More
Aluminium concluded the trading session with a gain of 0.64%, closing at Rs.347.9. This uptick was underpinned by anticipations of further stimulus measures from China, as disappointing figures in industrial output, consumption, and investment heightened the urgency for policymakers to bolster domestic demand. China’s Q2 GDP growth decelerated to 4.3%, heightening anticipations for additional policy Read More
Crude oil concluded the trading session with a 0.66% increase, reaching Rs.8,359. This uptick was bolstered by escalating worries regarding potential disruptions to oil supplies from the Middle East, following the United States’ warning of its most stringent sanctions yet on Iran, which has heightened apprehensions about extended limitations on crude flows in the region. Read More
Silver prices ended a three-day upward trend, whereas gold continued its ascent for a fourth consecutive session on the MCX on Monday, buoyed by a declining dollar. Investors are now focusing on crucial US inflation data and an upcoming address by Federal Reserve Chair Kevin Warsh later this week. In the domestic market, MCX silver Read More
Copper settled marginally lower by 0.03% at Rs 1,371.7, as increasing LME inventories alleviated supply concerns, counterbalancing the support derived from a significant decline in the dollar. LME copper stocks rose by an additional 12,425 tonnes, reaching a total of 235,975 tonnes. This marks an 11% increase from the previous week; however, it remains 40% Read More
Natural gas concluded the trading session with a decline of 3.58%, settling at Rs 261.1. This drop can be attributed to record production levels in the US, which prompted profit-taking following a rise that brought prices to a nearly four-week peak in the preceding session. The latest data from the Energy Information Administration indicated that Read More
Gold and silver prices commenced the day on an upward trajectory for the third consecutive session on the MCX on Friday, buoyed by a depreciating dollar and the U.S. Treasury Department’s initiatives to maintain control over longer-term yields. The U.S. dollar was on track for a weekly decline, which rendered dollar-priced commodities more accessible for Read More
Amidst tightened supplies and mounting fears about production interruptions in China, where heavy rainfall and flooding are endangering mining and smelting operations, zinc finished 0.42% higher at Rs 399.20. Production adjustments at a mine in Southwest China are anticipated to decrease concentrate output in August by approximately 1,000 tonnes. Concurrently, maintenance activities at a smelter Read More
Crude oil concluded the trading session with a 0.78% increase, reaching Rs 8,151, as concerns regarding shipping routes through the Strait of Hormuz and persistent supply disruptions provided upward momentum for prices. Shipping through the strategic waterway experienced a slowdown as the majority of shipowners opted to bypass the route, influenced by contradictory statements from Read More
Gold prices increased on the MCX on Thursday as US Treasury yields declined significantly and the dollar stayed weak following an unexpected liquidity support announcement by the US Treasury. Gold futures for October delivery on the MCX increased by Rs 447 per 10 grams, reaching Rs 1,58,443 on Thursday morning. December contracts surged past Rs Read More
