Copper prices rose by 0.07% to settle at Rs 1293.35, supported by constricting near-term supply dynamics as global smelters engage in a focused maintenance period during the second quarter. The seasonal disruption, coupled with declining inventories in essential exchanges, has provided fundamental backing to prices. Moreover, the restocking initiatives in China ahead of the Labor Read More
Crude oil prices experienced a notable decrease of 3.9%, closing at Rs 8817, influenced by a growing optimism regarding potential diplomatic advancements between the U.S. and Iran, which impacted market dynamics. Despite the prevailing optimism, fundamental tensions remain, as the U.S. upholds a naval blockade on Iranian ports and continues to impose restrictions on crude Read More
The price of silver has fallen below $76, continuing the negative trend that was experienced over the course of the previous week. A impasse has been reached in the ongoing peace discussions between the United States of America and Iran, which has contributed to the continued elevation of geopolitical uncertainty. Concerns over global supply chains Read More
Zinc prices experienced a modest decline, closing down by 0.39% at Rs 348.1, influenced by uncertainty surrounding the Iran ceasefire and prevailing geopolitical tensions that affected market sentiment. Despite the decline, the underlying fundamentals continue to provide a degree of support, mitigating the risk of a significant downturn. Tightening conditions on the supply front continue Read More
Natural gas prices experienced significant downward pressure, closing 4.15% lower at Rs 244.8, as the market responded to substantial storage builds and anticipations of ongoing strong injections in the weeks ahead. The prevailing bearish sentiment was primarily influenced by abundant supply conditions, characterized by a significant increase in inventories. The most recent figures indicated a Read More
Gold prices experienced a decline of 0.59%, settling at Rs 1,51,761. This downturn can be attributed to the strengthening of the U.S. dollar and increasing crude oil prices, both of which have intensified inflationary concerns and diminished the attractiveness of the metal. Market sentiment exhibited a cautious demeanor as U.S.-Iran negotiations faced stagnation, with ongoing Read More
Zinc prices increased by 1.75%, concluding at Rs 349.45, buoyed by a more favorable outlook regarding U.S.-Iran ceasefire developments following the declaration of an indefinite extension. This alleviated short-term geopolitical anxieties while maintaining a risk premium. Further backing was provided by the constriction of supply dynamics, as LME inventories fell to a one-month low, and Read More
Crude oil prices experienced a notable increase of 3.39%, concluding at Rs 8,723, influenced by rising geopolitical tensions and new supply disruptions. Incidents of gunfire targeting several vessels in the Strait of Hormuz, coupled with the impasse in U.S.–Iran negotiations, have intensified apprehensions regarding the security of a crucial global oil transit corridor. Iran’s position Read More
Silver continues to hold a position that is relatively stable over $78 per ounce, despite experiencing significant volatility. The continual blockade of the Strait of Hormuz is one of the factors that is contributing to the persistently high prices of energy. Tehran has imposed limitations on transportation and is suspected of firing upon commercial vessels. Read More
Copper prices experienced a modest decline of 0.34%, concluding at Rs 1,265.05, as market participants exercised caution in anticipation of possible U.S.–Iran peace negotiations and critical indications from the Federal Reserve regarding interest rate adjustments. The Yangshan premium, indicative of China’s import demand, held steady at $69 per ton, suggesting persistent support even as it Read More
Natural gas experienced a modest increase of 0.24%, concluding at Rs 252.3, bolstered by a recent decline in production and robust inflows to U.S. LNG export facilities. Nonetheless, the increases were constrained as markets assessed the likelihood of diminished demand in the near term alongside the hopeful outlook regarding a possible reduction in tensions in Read More
Gold prices declined by 1.48% to settle at Rs 151,671, driven by a decrease in geopolitical risk sentiment as market participants look forward to potential peace negotiations between the U.S. and Iran. The approaching end of the two-week ceasefire has led to increased uncertainty; however, it has not strengthened the demand for safe-haven assets. Moreover, Read More
Aluminium increased by 0.43% to close at Rs 365, bolstered by fresh worries regarding supply interruptions from the Persian Gulf, a region responsible for nearly 9% of global production. Tensions have intensified following Iran’s recent closure of the Strait of Hormuz, which occurred shortly after it had been reopened, with the country attributing this move Read More
Crude oil experienced a significant increase, closing 6.97% higher at Rs 8,308, propelled by a renewed escalation in tensions between the U.S. and Iran. The circumstances deteriorated following assaults on commercial vessels in the Strait of Hormuz, as both parties engaged in targeting ships, thereby significantly impeding traffic along this vital corridor. The recent U.S. Read More
The price of silver has found a level of stability near $80 after experiencing recent downward trends. Focus on the next stage of discussions between the United States and Iran. The closure of the Strait of Hormuz is anticipated to persist until a consensus is achieved. The recent energy shock has intensified worries about inflationary Read More
Zinc prices experienced a modest decline of 0.34%, closing at Rs 339.1, primarily attributed to profit-taking following recent increases. Nonetheless, the downside was constrained, as the positive sentiment surrounding the Strait of Hormuz—remaining accessible throughout the ceasefire—contributed to alleviating supply worries and bolstered industrial activity. The resurgence of China’s factory sector into expansion has positively Read More
Natural gas prices experienced a modest increase, rising by 1.46% to close at Rs 250.2, primarily driven by a recent decline in production and robust demand for LNG exports. Flows to U.S. LNG terminals persisted at levels close to record highs through April, providing a consistent underpinning for prices. Nonetheless, the potential for growth remained Read More
Gold prices exhibited an increase, concluding the session up by 0.95% at Rs 154,609, buoyed by a reduction in geopolitical tensions following Iran’s reopening of the Strait of Hormuz. The development prompted a significant correction in crude oil prices, resulting in a decline exceeding 10%. This adjustment contributed to alleviating immediate inflation worries and enhancing Read More
The price of MCX Crude oil maintained its downward trend today, moving below the significant support line of Rs 8,500 for the second time in a row. Prices are having difficulty maintaining positions that are higher than the short-term moving averages, which is an indication that there is a lack of momentum in the market. Read More
The price of silver has continued its upward trajectory for the week, and it is currently within a few cents of 79 dollars per ounce. At this point, prices are on the verge of achieving their fourth straight weekly gain. The recent optimism that has surrounded a ceasefire in Iran has helped to calm fears Read More
