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
Gold prices concluded the trading session with a slight decline of 0.13%, settling at Rs 161,978, as market participants kept a vigilant eye on the unfolding discussions between US President Donald Trump and Chinese President Xi Jinping. Market sentiment exhibited a degree of caution following Trump’s assertion that Xi had consented to provide Iran “with Read More
Zinc prices concluded the session with an increase of 0.66%, reaching Rs 364.75, bolstered by persistent supply concerns and a positive outlook for demand from China. Positive macroeconomic data from China enhanced sentiment across industrial metals, as consumer prices increased by 1.2% in April, surpassing market expectations of 0.9%. Additionally, factory-gate prices rose by 2.8%, Read More
Crude oil prices concluded the session with a slight decline of 0.12% at Rs 9711, as market participants weighed the implications of tightening supply conditions against the backdrop of diminishing expectations for global demand. Market sentiment exhibited volatility following OPEC’s downward revision of its forecast for global oil demand growth in 2026. This adjustment aligns Read More
Gold prices experienced a significant increase, with the market closing up by 5.7% at Rs 162186, influenced by a mix of domestic policy adjustments, rising geopolitical tensions, and ongoing inflation worries. The most significant catalyst occurred when India raised import tariffs on gold from 6% to 15%, with the objective of limiting imports and alleviating Read More
Aluminium prices concluded the trading session with an increase of 0.6% at Rs 378, reflecting persistent apprehensions regarding supply disruptions associated with the ongoing conflict in the Middle East. The ongoing conflict has had a significant impact on the exports of aluminium from Gulf producers, as well as the imports of essential raw materials. Additionally, Read More
Natural gas prices concluded the trading session down by 2.41% at Rs 270.9, driven by anticipations of diminished near-term demand, adequate storage capacities, and decreased gas deliveries to LNG export terminals during the seasonal maintenance phase. Market sentiment remained under pressure as weather forecasts continued to suggest predominantly near-normal temperatures through May 27, constraining substantial Read More
There has been an increase in the price of silver to more than $87 per ounce. Silver’s market strength is bolstered by the outlook for industrial demand, which is positive. During the month of April, the rate of inflation in the United States reached 3.8%. As a result of ongoing concerns over the dispute between Read More
Copper prices experienced a notable increase yesterday, closing up by 3.33% at Rs 1369.05. This rise was bolstered by escalating supply concerns after Freeport disclosed a delay in the complete restoration of its Grasberg mine operations in Indonesia. Additional support emerged from inflation data out of China that exceeded expectations, with consumer prices increasing by Read More
Crude oil yesterday settled sharply higher by 3.9% at Rs 9,376, driven by escalating geopolitical tensions in the Middle East that heightened concerns regarding potential disruptions to global supply. Market sentiment shifted to a bullish stance following US President Donald Trump’s characterization of Iran’s reaction to a US-supported peace proposal as “unacceptable,” thereby diminishing expectations Read More
