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
Gold yesterday concluded the trading session with an increase of 0.28% at Rs 117,588, bolstered by anticipations of additional rate cuts from the Federal Reserve and a resurgence in safe-haven demand. Pressure on the U.S. economy has intensified, as the report indicates a decline in private-sector employment for the second consecutive month, marking the largest Read More
Copper yesterday settled lower by 0.64% at Rs 952.55 as the commencement of China’s week-long National Day holiday coincided with the quarter-end, prompting profit-taking following the record highs reached last week. The decline ensued after a rally driven by diminished supply expectations from Indonesia’s Grasberg mine, which concurrently reduced the LME cash-to-three-month discount to $26 Read More
Crude oil yesterday settled lower by -0.73% at Rs 5,569 as traders assessed the implications of increased global supply in conjunction with the possibility of reduced geopolitical tensions. Sentiment shifted to a more cautious stance following reports suggesting that OPEC+ could sanction an additional 137,000 bpd output increase for November during its forthcoming meeting. Additional Read More
The price of silver has ascended beyond $47 per ounce, reaching its apex in a span of fourteen years, as market participants gravitate towards safe-haven assets in response to the current U.S. government shutdown. The cessation of federal operations has engendered a climate of uncertainty, impeding the dissemination of vital economic indicators, such as nonfarm Read More
Aluminium prices increased by 1.02%, closing at Rs 257.8, bolstered by ongoing supply-side uncertainties, even as demand trends remain inconsistent. In North America, consumption declined by 4.4% year-on-year in the first half of 2025, attributed to diminished exports and the impact of tariff pressures. Meanwhile, China’s production growth is constrained by its annual limit of Read More
Natural gas prices increased by 2.51%, closing at Rs 290.2, bolstered by projections indicating heightened demand in the forthcoming fortnight. Nonetheless, the potential for growth was constrained by increasing daily production and sufficient storage capacities. In Canada, producers have begun to significantly reduce output following a supply surplus that has driven Alberta’s AECO hub prices Read More
Gold experienced an increase of 1.26% yesterday, closing at Rs 116,344, buoyed by a depreciating dollar and heightened anticipations of additional rate cuts by the US. The most recent US PCE inflation figures were in line with expectations, bolstering market speculation that the Federal Reserve might persist with its policy easing trajectory in the coming Read More
Copper settled lower yesterday by -0.44% at Rs 939.55, as profit booking emerged following recent gains that were driven by supply disruption concerns after Freeport-McMoRan’s force majeure declaration at the Grasberg mine in Indonesia. Copper inventories in Chinese warehouses decreased by 6.6%, and the Yangshan copper premium remained stable at $53 per ton, indicating a Read More
Crude oil yesterday concluded with an increase of 1.04% at Rs 5833, driven by geopolitical factors and supply-side dynamics that bolstered prices. The ongoing strikes by Ukraine on Russian energy infrastructure have led Moscow to implement a partial ban on diesel exports until the end of the year, while also extending its ban on gasoline Read More
The price of silver has increased by more than one percent, exceeding 1,44,000 and reaching $46.5 per ounce, which is the highest the price has been in fourteen years. The demand for safe-haven assets among investors has increased as a result of the rise in anxieties over the possibility of the United States government shutting Read More
Zinc prices experienced a slight decline of 0.05%, concluding at Rs 284.9, as traders took the opportunity to realize profits following recent increases. The recent pullback occurred despite LME zinc stocks declining to their lowest level since May 23, now at 48,825 tons, representing a nearly 80% decrease this year. In a display of robust Read More
Natural gas prices increased by 1.8%, concluding at Rs 283.4, bolstered by projections indicating heightened demand in the forthcoming two weeks. In September, U.S. output has averaged 107.4 bcfd to date, a decrease from August’s peak of 108.3 bcfd, with daily production poised to reach a 10-week low of 106.3 bcfd. Previous high levels of Read More
Gold prices concluded the trading session with a slight increase of 0.07%, reaching Rs 112,629, as robust U.S. economic indicators persistently support the case for elevated interest rates. The U.S. GDP growth for Q2 has been revised upward to 3.8%, accompanied by an unexpected increase in durable goods orders and a decline in jobless claims Read More
Copper experienced a notable increase of 2.98% yesterday, closing at Rs 945.75, driven by supply concerns following Freeport-McMoran’s declaration of force majeure at its Grasberg mine in Indonesia. The miner cautioned that output in 2026 may be reduced by 35% compared to previous estimates due to a landslide that has interrupted operations. On the inventory Read More
Crude oil experienced a significant increase of 2.56% yesterday, closing at Rs 5,776, driven by a contraction in global supplies due to various disruptions in major producing areas. Prices demonstrated continued strength following the confirmation of strikes by Ukraine’s military on two oil pumping stations located in Russia’s Volgograd region. Additionally, the declaration of a Read More
Gold settled lower yesterday by -1.13% at Rs 112,555, reflecting profit booking following US Fed Chair Jerome Powell’s cautious remarks regarding interest rate cuts. Despite recent gains bolstered by safe-haven demand, the yellow metal encountered pressure as Powell underscored the Federal Reserve’s challenge of reconciling persistent inflation with a declining job market. While certain Fed Read More
Aluminium yesterday concluded with a slight increase of 0.2% at Rs 255.7, bolstered by robust speculative purchasing and a constricting near-term supply situation. LME inventories experienced a significant decline, as primary aluminium stocks dropped by nearly 100,000 tonnes in the initial third of the month, reaching a total of 375,000 tonnes, indicative of swift physical Read More
Natural gas experienced an increase of 1.56% yesterday, closing at Rs 253.6. This rise was underpinned by predictions of warmer-than-normal weather throughout the U.S., which heightened expectations for stronger demand as we move into early October. LSEG has forecasted that average U.S. gas demand, inclusive of exports, will increase from 101.1 bcfd last week to Read More
