Copper prices declined by 0.94% to Rs 1011.75 as market participants responded to the conclusion of trade discussions between the U.S. and China, which provided ambiguous signals regarding market sentiment. President Trump announced a reduction in tariffs on China, while Beijing pledged to ease rare earth export restrictions and resume soybean purchases. However, concerns persist Read More
Crude oil prices increased by 0.35% to Rs 5,391 as traders evaluated the prospects of a U.S.–China trade truce following President Donald Trump’s decision to reduce tariffs on China, providing a slight boost to market sentiment. Nonetheless, optimism was tempered by ongoing worries regarding weak demand and increasing global supply, bolstering expectations of an oil Read More
The price of silver remained over $48.5 per ounce, indicating that it is likely to have a slight weekly appreciation. There has been a discernible increase in the demand for safe-haven assets, driven by heightened market volatility following a downturn in U.S. equity markets. The recent drop in interest rates by the Federal Reserve, combined Read More
Zinc prices increased by 0.4% to Rs 301.55, bolstered by a significant supply constraint in the global market beyond China, where stockpiles have fallen to multi-year lows. LME zinc stocks experienced a significant decline, reaching 35,200 tons, which is close to their lowest levels since March 2023. This represents an 85% reduction since the beginning Read More
Natural gas prices decreased by 0.85% to Rs 338.7, as consistent production levels and sufficient storage continued to exert pressure on the market. Output has consistently hovered near a three-week high of 108 billion cubic feet per day, as unprecedented production levels earlier this year enabled energy companies to accumulate inventories significantly exceeding seasonal averages. Read More
Gold prices increased by 0.85% to Rs 1,20,666, buoyed by bargain hunting in anticipation of the U.S. Federal Reserve’s rate decision. The Federal Reserve reduced interest rates by 25 basis points to a range of 3.75%–4%, representing the lowest level since 2022. Chair Powell suggested a potential pause in additional cuts for the remainder of Read More
Aluminium prices increased by 0.17% to Rs 271.05, reflecting strong trends in the LME as prices surpassed $2,870 per tonne in October — the highest level in over three years — bolstered by constrained near-term supply and solid long-term demand expectations. China has reiterated its position on regulating metal overcapacity, upholding its annual aluminium production Read More
Crude oil prices declined by 1.99% to Rs 5,330, amid growing apprehensions regarding a possible supply surplus, following indications that OPEC+ might increase production once more in December. The producer alliance, spearheaded by Saudi Arabia, is said to be contemplating a slight increase in production to reclaim market share, which is overshadowing the optimism stemming Read More
Following a period of recent decline, the price of silver witnessed an increase, reaching roughly $47.5 per ounce. After the close of business today, it is anticipated that the Federal Reserve will announce a cut in interest rates of 25 basis points. The participants in the market are paying great attention to Powell’s words in Read More
Zinc experienced an increase of 1.17% yesterday, closing at Rs 303.15, driven by a reduction in trade tensions between China and the U.S. and a more favorable outlook on global economic growth, which bolstered buying interest. Reports indicate that both countries have established the framework for a trade deal anticipated to be finalized later this Read More
Natural gas experienced a notable increase of 7.62% yesterday, closing at Rs 303.7. This rise can be attributed to predictions of colder weather and anticipated higher demand in the coming fortnight, alongside robust LNG export activity. In October, the average flows to the eight major U.S. LNG export plants reached 16.6 billion cubic feet per Read More
Gold yesterday settled lower by 2.02% at Rs 1,20,957 as optimism over progress in the US-China trade talks diminished the demand for safe-haven assets. Following comprehensive negotiations in Malaysia, the two nations have arrived at a preliminary accord addressing export controls, agricultural trade, and the regulation of fentanyl. Presidents Trump and Xi are anticipated to Read More
Copper prices increased by 0.46% to close at Rs 994.6, buoyed by positive sentiment regarding U.S.–China relations and anticipations of new policy support from Beijing. Prices increased following the White House’s announcement of an impending meeting between U.S. President Donald Trump and Chinese President Xi Jinping. Concurrently, China’s Fourth Plenum reiterated its commitment to enhancing Read More
Crude oil prices experienced a decline of 0.18%, settling at Rs 5,427, as traders took the opportunity to realize profits after a significant rally fueled by escalating geopolitical tensions and new U.S. sanctions targeting major Russian producers Rosneft and Lukoil. The sanctions, designed to limit Moscow’s oil revenues in the context of the Ukraine conflict, Read More
Gold prices experienced a decline of 0.53%, concluding at Rs 123,451, as investors navigated the interplay between diminishing geopolitical tensions and evolving anticipations regarding U.S. monetary policy. The metal experienced initial selling pressure but subsequently regained some of its losses following the release of weaker-than-anticipated U.S. CPI data, which bolstered expectations for additional Federal Reserve Read More
Aluminium prices increased by 0.53% to close at Rs 265.7, bolstered by constricting global supply dynamics following Century Aluminium’s declaration of a two-thirds production cut at its Iceland smelter, attributed to an electrical equipment malfunction. The supply disruption arises in the context of apprehensions that China’s aluminium output cap of 45 million tonnes could be Read More
Natural gas prices experienced a decline of 2.88%, settling at Rs 296.7. This movement was influenced by a larger-than-anticipated storage build, which underscored the prevailing conditions of ample supply. U.S. energy firms injected 87 billion cubic feet of gas into storage during the week ended October 17, surpassing the anticipated 83 bcf build and the Read More
The price of silver has dropped to roughly $48.6 per ounce, indicating a weekly loss of more than 6%. This decline follows a period of strong gains driven by robust demand for safe-haven assets and growing optimism surrounding silver’s industrial applications in solar energy, data centers, and electric vehicles. Both London and Shanghai inventories have Read More
Zinc prices experienced an increase of 1.96%, reaching Rs 301, driven by ongoing supply concerns stemming from bottlenecks in global smelting operations, despite a rise in mined output. Reports indicates a decline of over 2% in refined zinc production this year, even as mine production has increased by 6.3%. This discrepancy is primarily attributed to Read More
Crude oil prices experienced an increase of 1.94% to Rs 5,151, buoyed by a resurgence of optimism regarding advancements in trade negotiations between the United States and both China and India. Sentiment improved following remarks from U.S. President Donald Trump, who indicated that Indian Prime Minister Narendra Modi had assured a reduction in oil imports Read More
