Copper prices closed 0.78% higher at Rs 1,335.35, buoyed by a shift in risk sentiment following growing optimism about a possible peace agreement between the United States and Iran. Easing geopolitical tensions contributed to alleviating worries regarding global economic growth and the demand for industrial metals. Additional support emerged from persistent speculation regarding potential U.S. Read More
Crude oil prices experienced a notable decline of 3.25%, settling at Rs 8,073. This drop can be attributed to the easing of geopolitical tensions, which has alleviated concerns regarding potential supply disruptions in the Middle East. Market sentiment showed signs of deterioration following the announcement from U.S. President Donald Trump regarding the cancellation of military Read More
Gold and silver prices maintained their upward momentum for the third straight session on Monday, starting notably higher on the Multi Commodity Exchange after the announcement of a preliminary agreement between U.S. and Iranian officials aimed at resolving their conflict. In the domestic market, silver futures for July 2026 delivery increased by Rs 7,200 (2%) Read More
Zinc prices concluded the trading session with an increase of 1.5%, reaching Rs 364.75. This rise is attributed to escalating worries regarding the constriction of global supply, prompted by a succession of production interruptions at key mining and smelting facilities. Market sentiment improved following Goldman Sachs’ indication that Boliden’s Garpenberg mine may function at a Read More
Natural gas prices experienced a decline of 3.7%, settling at Rs 294.4. This drop was influenced by expectations that U.S. gas inventories will remain well above seasonal norms, even in the face of robust summer cooling demand. Market sentiment was influenced by a modest rise in daily production and ongoing confidence in sufficient supply availability. Read More
Gold and silver prices in India experienced a significant increase on the Multi Commodity Exchange on Friday, driven by robust buying activity. This surge is attributed to investor optimism surrounding a potential US-Iran peace agreement that may bring an end to the ongoing conflict in West Asia. MCX gold rate for August futures contracts commenced Read More
Copper prices decreased by 1.06% to close at Rs 1,313.55, influenced by escalating geopolitical tensions in the Middle East and increasing expectations of tighter monetary policy, which negatively impacted sentiment across industrial metals. The United States initiated military action against Iranian targets in response to the downing of an American helicopter. This escalation has heightened Read More
Crude oil prices experienced a notable increase of 3.62%, concluding at Rs 8,726, driven by rising geopolitical tensions in the Middle East alongside constricting supply fundamentals. Market sentiment exhibited considerable sensitivity following the resurgence of military exchanges between the United States and Iran. U.S. President Donald Trump issued a warning regarding the possibility of further Read More
Gold prices experienced a notable decline of 2.9%, closing at Rs 148,017, as renewed risk-off sentiment emerged in response to escalating tensions in the Middle East. Recent exchanges of strikes between the United States and Iran have diminished prospects for a diplomatic resolution, heightening concerns regarding elevated energy prices, inflationary pressures, and the potential for Read More
Aluminium prices experienced a decline of 2.05%, settling at Rs 377.4. This decrease was influenced by the easing of geopolitical tensions following an agreement between Iran and Israel to cease attacks, which alleviated concerns regarding potential supply disruptions in the near term. Market participants exhibited a degree of caution as Tehran persisted in imposing restrictions Read More
Natural gas prices increased by 0.27% to close at Rs 301.6, bolstered by predictions of warmer-than-anticipated weather throughout the United States in the upcoming fortnight and a steady decrease in production levels. Anticipations of elevated temperatures extending into late June are expected to heighten electricity demand for air conditioning, consequently augmenting natural gas consumption by Read More
Gold and silver prices experienced a significant decline on the Multi Commodity Exchange on Wednesday. This downturn was influenced by renewed tensions in the Middle East, a strengthening dollar, and increasing oil prices, all of which negatively impacted market sentiment following Iran’s retaliation in response to US airstrikes. In the domestic market, silver futures for Read More
Zinc prices increased by 0.05% to close at Rs 365.2, buoyed by constricting global supply conditions due to production disruptions at significant smelting operations. However, gains remained constrained as robust U.S. economic data elevated the dollar and solidified anticipations that the Federal Reserve may implement interest rate hikes by the end of the year. In Read More
Crude oil prices increased by 1.08%, closing at Rs 8,707, as rising geopolitical tensions in the Middle East heightened worries regarding global energy supplies. Market sentiment shifted to a bullish stance following Israel’s renewed strikes on Lebanon, despite the presence of an existing truce. This development has dampened optimism regarding a potential de-escalation of the Read More
Silver prices declined to Rs 2.43 lakh per kg on MCX on Tuesday, as increasing US Treasury yields and heightened expectations of Federal Reserve rate hikes overshadowed the easing geopolitical tensions in the Middle East. Investors exhibited a degree of caution in anticipation of critical US inflation data, while robust economic indicators that surpassed expectations Read More
Gold prices experienced a decline of 0.52%, settling at Rs 154,784, as apprehensions mount regarding the potential necessity for the U.S. Federal Reserve to implement additional interest rate hikes in response to persistently high inflationary pressures. Market sentiment was influenced by renewed geopolitical tensions in the Gulf region, which pushed crude oil prices higher and Read More
Copper prices experienced a decline of 2.92%, settling at Rs 1,336.15. This drop reflects a weakening risk sentiment in the industrial metals sector, driven by renewed concerns about inflation and diminishing optimism regarding a potential peace agreement between the US and Iran. The decline was also reflected in physical market indicators, with the Yangshan copper Read More
Natural gas prices experienced a decline of 4.13%, settling at Rs 308.6. This movement was largely influenced by profit booking following recent gains, alongside a slight uptick in production levels. Market participants responded to the evolving supply and demand dynamics, even as the fundamentals continued to provide a supportive backdrop. According to LSEG, the average Read More
Gold prices experienced a significant drop of 2.48%, closing at Rs 155,594. This decline was influenced by a stronger-than-anticipated US employment report, which bolstered expectations for a more stringent monetary policy. The US economy experienced an addition of 172,000 jobs in May, surpassing market expectations of 85,000. Meanwhile, the unemployment rate held steady at 4.3%, Read More
Zinc prices settled lower by 0.42% at Rs 371.75, influenced by concerns regarding a prolonged higher interest rate environment in the United States and the improving prospects for a diplomatic resolution between Washington and Tehran, which negatively impacted sentiment across the base metals complex. Stronger-than-expected U.S. economic data, particularly higher job openings and robust private Read More
