Aluminium experienced a decline of 0.45%, settling at Rs 341.9, as the easing of geopolitical tensions in the Middle East alleviated concerns regarding potential supply disruptions following the cessation of hostilities between the United States and Iran. The prospect of shipping resuming through the Strait of Hormuz exerted downward pressure on prices, while the restart Read More
Natural gas declined 4.62% to settle at Rs 264.5, reflecting the overall downturn in global energy markets following a reduction in geopolitical tensions in the Middle East. Prices experienced downward pressure following Iran’s announcement of a cessation of retaliatory attacks in light of the suspension of US military strikes, which alleviated concerns regarding potential disruptions Read More
Zinc prices settled 0.37% higher at Rs 383.9, buoyed by constricting near-term supply conditions and a resurgence in manufacturing sentiment across key economies. China’s GDP growth has decelerated to a three-and-a-half-year low due to subdued domestic demand. However, manufacturing data from China, Europe, and the United States has shown resilience in the face of rising Read More
Crude oil prices experienced a significant decline of 4.65%, settling at Rs 8,604, as traders engaged in profit-taking following the recent rally influenced by geopolitical tensions. Despite the correction, the market exhibited significant volatility as the ongoing conflict involving the U.S., Israel, and Iran persisted, posing a threat to global energy supplies. The U.S. executed Read More
Aluminium prices concluded the trading session nearly flat, declining by 0.01% to close at Rs 346.45. This slight decrease followed a wave of profit-taking after recent increases, influenced by a robust U.S. dollar and heightened anticipations of a more stringent Federal Reserve policy. The U.S. dollar index reached a three-week peak as rising tensions in Read More
Natural gas prices concluded the session at Rs 283.40, with optimistic demand forecasts driven by weather patterns counterbalanced by adequate supply levels and profit-taking activities. Prices received a boost from a significant increase in crude oil and revised projections indicating above-average temperatures throughout the United States until early August, anticipated to elevate electricity consumption for Read More
Gold prices experienced a notable decrease of 1.96%, concluding at Rs 142,821. This decline can be attributed to escalating geopolitical tensions in the Middle East, which have heightened inflation expectations and raised the probability of a more stringent U.S. monetary policy. The Iran-backed Houthis asserted responsibility for assaults on two Saudi oil tankers, coinciding with Read More
Copper prices decreased by 0.27%, closing at Rs 1,336.7, as profit-taking occurred following recent increases attributed to tightening global supplies and robust demand from China. Despite the minor correction, broader market sentiment remained bolstered by declining exchange inventories and improving physical demand in China. Traders exhibited a degree of caution as they awaited further clarity Read More
Crude oil prices experienced a notable increase of 3.19%, concluding at Rs 8,410. This surge was propelled by rising geopolitical tensions in the Middle East, which heightened apprehensions regarding possible interruptions to global oil supplies. Ongoing military operations by the United States against Iran, coupled with escalating threats to maritime shipping in the Red Sea Read More
Zinc prices concluded the trading session with an increase of 0.82%, reaching Rs 376.6. This rise was bolstered by short covering and ongoing apprehensions regarding imminent supply constraints, even amid the prevailing uncertainty related to the US-Iran conflict. Investors maintained their evaluation of diplomatic initiatives designed to alleviate geopolitical tensions and the potential consequences for Read More
Natural gas prices concluded the trading session with a 0.25% increase, reaching Rs 275.3. This uptick can be attributed to short covering following recent downturns, which were influenced by increased production, diminished liquefied natural gas export flows, and anticipations that Tropical Storm Bertha would lead to a temporary decline in energy demand along the US Read More
The price of the yellow metal in India’s retail market experienced an increase on Wednesday, 22 July, in the context of ongoing tensions between the United States and Iran. Both 24-karat and 22-karat gold rates are exhibiting a slight uptick across prominent urban centers. In contrast, silver prices experienced a downturn in the domestic bullion Read More
Aluminium prices concluded the session at Rs 341.05, reflecting a decline of 0.55%. This decrease was influenced by resurfacing inflation worries, as escalating geopolitical tensions in the Middle East drove crude oil prices higher, thereby strengthening the outlook for prolonged elevated global interest rates. However, the downside remained constrained as supply-side risks continued to bolster Read More
Crude oil prices concluded the trading session with an increase of 0.49%, reaching Rs 7,949. This rise was underpinned by intensifying geopolitical tensions in the Middle East, which have maintained a notable risk premium within energy markets. Prices exhibited significant volatility following U.S. President Donald Trump’s assertion that Iran would be accountable for the fatalities Read More
Gold prices concluded the trading session with an increase of 0.34%, reaching Rs 141,388. This uptick was bolstered by short covering and ongoing geopolitical uncertainty related to the U.S.-Iran situation. Market participants closely observed diplomatic developments following Iran’s indication that negotiations with the United States could advance if they align with national interests. Simultaneously, anticipations Read More
Copper prices fell by 0.47%, closing at Rs 1,302.35, influenced by widespread selling in industrial metals amid rising tensions between the United States and Iran, which dampened investor appetite for risk assets. Market sentiment experienced pressure from disappointing economic data out of China, although supply disruptions in Chile mitigated the extent of the decline. China’s Read More
Natural gas prices increased by 2.47%, concluding at Rs 281.70, bolstered by short covering and enhanced demand expectations. Market sentiment improved as forecasts indicated a rise in petrol consumption in the upcoming weeks, supported by heightened feedgas flows to the Freeport LNG export facility in Texas after previous operational setbacks. Fundamental indicators continued to exhibit Read More
Gold prices concluded the trading session with an increase of 0.4%, reaching Rs 140,906. This uptick was driven by bargain buying following recent declines, bolstered by Goldman Sachs’ projections regarding ongoing gold acquisitions by central banks. Despite the daily recovery, bullion experienced a weekly decline as rising geopolitical tensions between the United States and Iran Read More
Zinc prices increased by 0.84%, closing at Rs 377.30, bolstered by constricting near-term supply conditions and positive manufacturing data from key economies. Market sentiment showed signs of improvement as manufacturing indicators from China, Europe, and the United States suggested ongoing industrial resilience in the face of elevated input costs. However, gains remained constrained by rising Read More
Crude oil prices concluded the trading session with a slight increase, rising by 0.01% to reach Rs 7,614. This uptick was driven by escalating geopolitical tensions in the Middle East, which counterbalanced worries regarding the growing global supply. Market sentiment remained buoyed following reports that Iran has encouraged Yemen’s Houthis to brace for possible disruptions Read More
