Crude oil yesterday settled down by -1.18% at 8459 as hopes of a diplomatic breakthrough in the Middle East eased concerns over supply disruptions, following US President Donald Trump discussing de-escalation efforts with Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and Tehran reportedly reviewing proposals concerning its nuclear program. While a potential resolution could facilitate Read More
Copper yesterday settled down by -0.88% at Rs 1339.3 as a rout in technology stocks battered broader markets, driven further by Democratic wins in the US midterms that fuelled concerns over potential new regulatory oversight capping the artificial intelligence buildout. Despite this macro headwind, persistent supply constraints cushioned the downside, as evidenced by the closely Read More
Gold prices experienced a modest increase, whereas silver prices fell by over 3% on the Multi Commodity Exchange on Friday. This movement was influenced by rising oil prices, which heightened inflation concerns and bolstered expectations for prolonged elevated US interest rates. In the domestic market, silver futures for December 2026 delivery decreased by Rs 5,677, Read More
On Thursday, aluminium prices experienced a slight increase, reaching Rs 332.30 per kilogram in futures trade, as speculators established new positions in response to a favourable trend observed in the spot market. On the Multi Commodity Exchange, the aluminium price for delivery in November increased by Rs 1.45, reflecting a rise of 0.44 percent, reaching Read More
Crude oil prices decreased by Rs 16, settling at Rs 8,168 per barrel in the futures market on Thursday, as investors engaged in profit-taking activities. On the Multi Commodity Exchange, crude oil futures for November delivery decreased by Rs 16, or 0.20 percent, settling at Rs 8,168 per barrel, with a business turnover of 9,067 Read More
On Thursday, gold prices fell by Rs 1,207, settling at Rs 1,38,509 per 10 grams in futures trade, influenced by a decline in spot demand. On the Multi Commodity Exchange, yellow metal contracts for December delivery experienced a decline of Rs 1,207, or 0.86 percent, settling at Rs 1,38,509 per 10 grams, with a business Read More
Zinc prices declined 0.76% to settle at Rs. 410.35, influenced by expectations of recovering Chinese mine production and improved concentrate availability, which may gradually alleviate supply tightness. Nevertheless, the downside appeared constrained due to the tightening of global mine supply, a decrease in refined production, and apprehensions regarding potential disruptions at significant smelters. Operational challenges Read More
Crude oil prices experienced a decline of 1.62%, settling at Rs. 8,096. This decrease was influenced by a reduction in geopolitical tensions, as US President Donald Trump suggested he would refrain from further military actions against Iran, responding to requests from regional nations, including Qatar. The resumption of Gulf oil supplies has redirected market focus Read More
Gold and silver prices in the domestic market experienced a modest increase following a significant decline in the prior session. Investors continue to exercise caution as stronger-than-anticipated US inflation data has heightened expectations for a potential rate increase by the Federal Reserve in the upcoming month, thereby applying pressure on precious metals. In the domestic Read More
Aluminium concluded the trading session with a slight decline of 0.11%, settling at Rs. 329.95. This downturn was influenced by enhancing global supply expectations and the anticipation of a possible market surplus by 2027. However, losses were constrained by the contraction of global inventories, which fell to a mere 44 days of consumption, marking the Read More
Natural gas settled 0.49% higher at Rs. 285, buoyed by predictions of cooler weather in late November, unprecedented gas flows to liquefied natural gas export facilities, and a recent downturn in US production. As reported by LSEG, the average natural gas production in the US Lower 48 states has decreased to 111.6 billion cubic feet Read More
Gold and silver prices experienced a significant increase on the Multi Commodity Exchange on Monday, driven by a drop in oil prices that alleviated inflation worries. Investors are now looking ahead to important US inflation data and new insights regarding the Federal Reserve’s monetary policy direction. In the domestic market, MCX silver futures for December Read More
Copper settled 1.24% lower at Rs. 1,351.15, as profit booking emerged following a recent rally driven by improving macroeconomic sentiment after the US midterm elections. In China, the Yangshan copper import premium has surged to $205 per tonne, marking its highest level in 12 years, which suggests a heightened demand for imported metal. However, apprehensions Read More
Crude oil concluded with a 2.34% increase at Rs. 8,560, buoyed by a resurgence of geopolitical uncertainty as investors evaluated the possible ramifications of US midterm election outcomes on the trajectory of the US-Israeli conflict with Iran. Significant Republican setbacks have heightened anticipations that the Trump administration may encounter political pressure to seek diplomatic resolutions Read More
Gold and silver prices experienced a significant decline on the Multi Commodity Exchange on Friday. This downturn was prompted by a notable increase in crude oil prices, which followed recent attacks that reignited inflation worries and heightened speculation regarding a potential rate hike by the US Federal Reserve. Investors are currently anticipating the US non-farm Read More
Zinc settled higher by 0.91% at Rs. 415, supported by a weaker US dollar, with the dollar index declining to 101.3, its lowest level in five weeks, amid changing political expectations following the Democratic sweep in the US midterm elections. Additional support stemmed from apprehensions regarding the constriction of mine supply, diminishing treatment charges, and Read More
Natural gas experienced an increase of 2.8%, closing at Rs. 282.30. This rise is attributed to a recent downturn in US natural gas production, with average output in the Lower 48 states decreasing to 110.0 billion cubic feet per day in November, down from 113.4 bcfd in October and a peak of 115.0 bcfd in Read More
Gold and silver prices will attract attention on Thursday following a significant overnight drop in crude oil prices, which experienced its largest single-day decline since May of this year. Gold surged 5% to cross $4,100 per ounce, marking its largest single-day increase since mid-August. Silver also climbed past the $50 per ounce mark, rising 6%. Read More
Copper settled 1.91% lower at Rs. 1,365.40, as a decline in risk appetite, driven by renewed concerns over artificial intelligence spending and uncertainty surrounding tensions in the Middle East, exerted downward pressure on industrial metals. Sentiment was further influenced by China’s decision to increase the foreign exchange reserve requirement ratio for financial institutions by 2 Read More
Crude oil settled 0.35% higher at Rs. 9,104, buoyed by escalating geopolitical tensions following the United States’ strike on Iran’s Qeshm Island. An Iranian official’s remarks suggested that a resolution to the conflict was still far off, heightening concerns regarding potential disruptions to global energy supplies. Supply-side concerns were further underscored by the decline in Read More
