Zinc prices concluded the trading session with an increase of 0.68%, reaching Rs 369.95. This rise is attributed to the constricting global supply dynamics, which have been influenced by recent interruptions at key zinc processing plants. Market sentiment improved following Nexa Resources’ decision to temporarily halt operations at its Cajamarquilla zinc smelter in Peru, the Read More
Crude oil prices experienced a decline of 1.86%, closing at Rs 9,168, as renewed optimism regarding diplomatic negotiations between the United States and Iran alleviated immediate concerns over supply disruptions. Market sentiment improved following remarks from US Secretary of State Marco Rubio, who indicated that there had been slight progress in mediated talks with Iran. Read More
Gold prices concluded the trading session down by 0.58% at Rs 158,679, influenced by a robust US dollar and escalating crude oil prices, which heightened inflation apprehensions and bolstered anticipations of a more stringent monetary policy from the Federal Reserve. Market sentiment weakened following remarks from Federal Reserve Governor Christopher Waller, who indicated that the Read More
Zinc prices concluded the trading session down by 0.8% at Rs 367.45, influenced by profit-taking activities. This decline occurred against a backdrop of renewed uncertainty regarding the Iran conflict, which has led to an uptick in crude oil prices and reignited inflation concerns across global markets. Investors exhibited a degree of caution concerning the overarching Read More
Natural gas prices concluded the trading session with a slight decline of 0.45% at Rs 290.1, influenced by greater-than-anticipated storage injections and predictions of more temperate weather patterns throughout the United States. Market sentiment deteriorated following the report from the U.S. Energy Information Administration, which indicated a storage build of 101 billion cubic feet. This Read More
Gold prices concluded the session with a slight decline of 0.25%, settling at Rs 159,606. This movement can be attributed to profit-taking and a prevailing cautious sentiment, despite ongoing geopolitical tensions that continue to offer a degree of support. Market sentiment exhibited sensitivity as hopes for a US-Iran peace agreement diminished, following reports indicating that Read More
Aluminium prices concluded the trading session with an increase of 0.43%, reaching Rs 386.05. This rise is attributed to ongoing supply disruptions originating from the Middle East, a region that represents nearly 9% of the global smelting capacity. Ongoing geopolitical tensions in the region have continued to restrict output, with Gulf primary aluminium production declining Read More
Crude oil prices experienced a significant decline of 5.62%, closing at Rs 9,463, as market participants exhibited a cautiously optimistic outlook regarding potential diplomatic advancements between the US and Iran, thereby diminishing the immediate geopolitical risk premium. While President Trump suggested that the conflict might conclude “very quickly,” he also cautioned about the potential for Read More
Silver prices concluded the trading session with a notable increase of 1.53%, reaching Rs 2,74,265. This increase was supported by a decrease in U.S. Treasury yields and persistent geopolitical tensions stemming from the stalemate in U.S.-Iran negotiations. The decline in U.S. bond yields from their recent multi-month highs has bolstered sentiment for precious metals, while Read More
Copper yesterday settled down by 0.79% at Rs 1337.55 as concerns over weakening demand sentiment intensified following softer-than-expected economic data from China and elevated crude oil prices. China’s industrial production rose by 4.1% in April compared to the same month last year, a notable deceleration from the 5.7% growth recorded in March, and falling short Read More
Natural gas yesterday settled up by 2.36% at Rs 299.4, driven by expectations of stronger cooling demand and ongoing declines in US gas production. Weather forecasts suggested elevated temperatures across significant portions of the southern and eastern United States through midweek, leading to heightened demand from power utilities for air conditioning usage. The hotter weather Read More
Yesterday, gold fell 0.2% to Rs 159080 as investor sentiment was still influenced by ongoing concerns about inflation and the uncertainty surrounding the Middle East war. After US President Donald Trump hinted at potential movement toward a peace deal with Iran, markets responded cautiously, but traders remained doubtful of any immediate settlement. Stronger-than-expected US inflation Read More
Zinc concluded the day with a 0.54% increase, reaching Rs 365.15, bolstered by increasingly constrained global supply conditions following several production disruptions that heightened apprehensions regarding the availability of refined metal. Sentiment improved following the temporary suspension of operations at Nexa Resources’ 344,400-ton-per-year Cajamarquilla zinc smelter in Peru due to a fire incident. Meanwhile, Glencore-owned Read More
Crude oil prices experienced an increase of 2.47%, closing at Rs 9924, as ongoing uncertainty regarding U.S.-Iran negotiations continued to raise concerns about potential disruptions in the Strait of Hormuz, a vital global energy shipping corridor. Market sentiment shifted to a bullish stance as optimism surrounding a swift agreement diminished, heightening concerns that restrictions on Read More
Gold prices concluded the trading session with an increase of 0.54%, reaching Rs 159401, as investors kept a close watch on the possible advancements in the resolution of the Iran conflict. Market sentiment showed signs of improvement following reports indicating that the United States might relax sanctions on Iranian oil exports, alongside Iran’s potential agreement Read More
Aluminium prices concluded the trading session down by 1.73% at Rs 378.85, reflecting a trend of profit booking as high prices started to indicate a potential reduction in demand within China. Market sentiment deteriorated following a 3.3% rise in aluminium inventories within warehouses tracked by the Shanghai Futures Exchange compared to the prior week, suggesting Read More
Natural gas prices increased by 2.38% to close at Rs 284, reflecting a favorable market response to reduced production levels and a storage injection report from the U.S. Energy Information Administration that met expectations. The EIA indicated that utilities added 85 billion cubic feet of gas to storage for the week ending May 8, aligning Read More
Gold prices experienced a notable decline of 2.12%, closing at Rs 158547, as increasing U.S. Treasury yields and a strengthening dollar diminished the allure of bullion as a safe-haven investment. Ongoing tensions in the Middle East, coupled with rising crude oil prices, have intensified inflation worries, prompting markets to significantly discount the possibility of Federal Read More
Copper concluded the trading session down by 0.96% at Rs 1385.45, as profit-taking occurred following stronger-than-anticipated U.S. inflation figures, which in turn strengthened the dollar and diminished expectations for imminent Federal Reserve rate reductions. Market participants exhibited a degree of caution in anticipation of the forthcoming meeting between US President Donald Trump and Chinese President Read More
Natural gas concluded the trading session with an increase of 0.8% at Rs 277.4, even in the face of diminished LNG export flows. This uptick was bolstered by a reduction in domestic production and more favorable demand forecasts, which contributed positively to market sentiment. Gas flows to significant U.S. LNG export facilities have decreased from Read More
