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
Gold prices experienced a decline of 5%, settling at Rs 1,21,857, as profit-taking became more pronounced after a significant rally. This shift occurred concurrently with a strengthening U.S. dollar and a reduction in safe-haven demand, reflecting an improvement in global risk sentiment. Optimism increased regarding the alleviation of U.S.–China trade tensions in anticipation of the Read More
Copper prices experienced a modest increase of 0.22%, reaching Rs 993.85, bolstered by supply concerns and anticipations of global monetary easing. The market exhibited resilience as declining treatment and refining charges (TC/RCs) posed a risk to smelter margins, raising concerns over diminished refined output. Importers in Japan, South Korea, and Spain have expressed concerns that Read More
Natural gas prices declined by 1.52% to Rs 259.9, as forecasts of mild weather and adequate storage levels alleviated worries regarding supply constraints. Nonetheless, losses were limited by a reduction in production alongside robust liquefied natural gas exports. Projections suggest above-average temperatures persisting until late October, thereby postponing the emergence of substantial heating requirements. It Read More
At the moment, the price of silver is maintained at more than $54 per ounce, getting close to its all-time high and positioned to attain a weekly gain of around eight percent. The demand for safe-haven assets has increased as a result of issues faced by the U.S. banking sector and concerns surrounding the credit Read More
Zinc prices experienced a decrease of 0.48%, settling at Rs 289.9 yesterday, as the intensifying trade tensions between the U.S. and China negatively impacted demand sentiment for industrial metals. The premium for LME cash zinc over the three-month contract has contracted significantly to $75 a ton from $202 previously, suggesting a reduction in tightness, even Read More
Crude oil yesterday settled lower by 1.68% at Rs 5,145 as investors responded to apprehensions regarding a possible supply surplus and the resurgence of trade tensions between the U.S. and China. The International Energy Agency projected that the global oil market may encounter a surplus of as much as 4 million barrels per day by Read More
Gold yesterday settled higher by 0.76% at Rs 1,27,210, reaching a new record high as renewed U.S.-China trade tensions and expectations of additional U.S. Federal Reserve rate cuts enhanced safe-haven demand. Federal Reserve Chair Jerome Powell emphasized a lackluster labor market while also pointing to indications of a stronger economic path, bolstering expectations for a Read More
Aluminium concluded the day with a decline of 0.21% at Rs 263.6, influenced by the resurgence of trade tensions between the U.S. and China, which raised concerns regarding global demand. Markets exhibited a degree of caution following the confirmation from U.S. Treasury Secretary Scott Bessent regarding President Trump’s forthcoming meeting with Chinese leader Xi Jinping Read More
