Zinc settled 0.27% lower at Rs 423.1 as expectations of a global refined zinc surplus in 2027 weighed on sentiment; however, immediate supply tightness and declining Chinese inventories limited losses. LME cash contracts traded at a premium to three-month contracts, indicating tightness in near-term availability. Meanwhile, zinc inventories monitored by the Shanghai Futures Exchange decreased Read More
Natural gas concluded the trading session with a decline of 3.73%, settling at Rs 304.8. This downturn was influenced by forecasts predicting warmer-than-normal weather extending into early November, which subsequently dampened expectations for heating demand. Mild temperatures through late October are anticipated to restrict both heating and cooling consumption, while diminishing expectations of a robust Read More
Gold and silver prices commenced the trading session with a notable decline on the Multi Commodity Exchange this Thursday, as market participants anticipated insights from the upcoming US Federal Reserve policy meeting regarding the trajectory of interest rates, amidst ongoing tensions in the Middle East. In the domestic market, MCX silver futures for December 2026 Read More
Copper settled 0.43% higher at Rs. 1,398.65, buoyed by increasing US inventories and an optimistic price outlook from Goldman Sachs, which elevated its end-2026 copper price forecast to $14,700 per tonne and its 2027 average forecast to $15,400 per tonne. The bank anticipates that the copper market will experience deficits of 950,000 tonnes outside the Read More
Natural gas concluded the trading session with a decline of 1.37%, settling at Rs 316.6. This decrease was primarily influenced by forecasts indicating milder temperatures for October, which diminished expectations for heating demand. This bearish sentiment overshadowed supportive factors such as lower-than-anticipated storage builds, strong LNG exports, and a reduction in domestic production. Mild weather Read More
Gold prices held steady, while silver prices experienced a decline on Wednesday, as investors looked ahead to next week’s Federal Reserve policy decision for new insights on the direction of US interest rates. In the domestic market, MCX silver futures for December 2026 delivery decreased by Rs 1,144, settling at Rs 2,10,341 per kg. Gold Read More
Aluminium concluded the trading session with a 0.62% increase, reaching Rs 324.95. This rise was bolstered by a reduction in inventories on both the Shanghai Futures Exchange and the London Metal Exchange. However, the potential for increasing global supply served to limit further gains. Inventories at the Shanghai Futures Exchange decreased by 11% compared to Read More
Natural gas concluded the trading session with a decline of 2.42%, settling at Rs 298.6. This downturn was influenced by persistently mild weather conditions, projections indicating lower demand than earlier anticipated, and a modest rebound in production levels. As reported by LSEG, the average natural gas output in the contiguous United States has decreased from Read More
Copper settled 0.37% lower at Rs. 1,398.80 amid profit booking, diminished concerns regarding mine supply disruptions, a downturn in artificial intelligence stocks, and renewed inflation worries that heightened the probability of additional US interest rate hikes. In September, there was an acceleration in US consumer prices, which negatively impacted sentiment surrounding industrial metals. Conversely, a Read More
Crude oil concluded the trading session with an increase of 1.63%, reaching Rs. 9,177, driven by rising supply concerns in the Middle East, intensified assaults on shipping, and interruptions to Russian energy infrastructure. The US Central Command has confirmed that an Iranian projectile hit a Singapore-flagged container ship, which subsequently sank in the Strait of Read More
Zinc settled marginally lower by 0.16% at Rs 415.70, influenced by expectations of enhanced availability of Chinese zinc concentrate as previously disrupted mines resumed operations following accidents and safety inspections. Chinese mine output is anticipated to rise on a month-to-month basis in October, which may alleviate raw material limitations for smelters. However, supply concerns persisted Read More
Natural gas settled lower by 2.91% at Rs 303.9, influenced by a slight uptick in daily production, predictions of milder weather conditions, and anticipations of reduced demand in the upcoming week. As reported by LSEG, the average natural gas production in the contiguous United States decreased to 110.8 billion cubic feet per day in October, Read More
As easing Strait of Hormuz passage restrictions restored connectivity for Gulf smelters and eased worries about regional supply disruptions, aluminium finished 2.05% down at Rs. 324.8, down Rs. 6.8. Expectations of heightened production from Indonesia and a surge in Chinese exports exerted additional pressure on prices, despite the ongoing decline in visible inventories that offered Read More
Crude oil settled 0.30% lower at Rs. 8,953, declining by Rs. 27 as markets evaluated the implications of potential additional Russian energy supplies becoming available to global buyers in light of US President Donald Trump’s decision to temporarily ease restrictions on Russian diesel exports for six months. The initiative seeks to bolster American consumers; however, Read More
Copper settled down 0.19% at Rs 1,424.45, influenced by a robust US dollar trading near its highest level since April 2025, amid rising geopolitical tensions in the Middle East and a cautious stance ahead of significant US inflation data. However, losses were constrained by apprehensions regarding potential mine supply disruptions, positive demand indicators emerging from Read More
Natural gas settled down 3.73% at Rs 302.2, influenced by profit booking after the recent rally spurred by supply disruptions in the Gulf of Mexico due to Hurricane Isaias. Producers have curtailed approximately 1.3 billion cubic feet per day, which constitutes 59% of offshore Gulf output. However, the overall effect on US supplies has been Read More
Gold and silver prices began trading positively on the Multi Commodity Exchange this Tuesday, even as the US dollar retained its strength. Investors are closely monitoring US inflation data for indications regarding the Federal Reserve’s interest-rate path. In the domestic market, MCX silver futures for December 2026 delivery rose by Rs 540, reaching Rs 2,23,420 Read More
Aluminium concluded the trading session with a 0.57% increase, reaching Rs. 335.35, an uptick of Rs. 1.9. This rise was bolstered by a reduction in inventories at Shanghai Futures Exchange warehouses, which saw a decline of 7.8% compared to the report from September 30. However, the upside remained constrained by enhancing production in the Middle Read More
Due to Hurricane Isaias’ disruption of US Gulf of Mexico production, which partially offset lessening geopolitical concerns surrounding the Middle East, crude oil finished 0.19% higher at Rs. 8,881, gaining Rs. 17. US offshore producers have curtailed substantial output, with around 1.3 million barrels per day, representing 62.9% of current production, reported as offline, as Read More
Gold and silver prices began the trading session on the Multi Commodity Exchange with a decrease on Monday, despite the backdrop of a weaker US dollar and lower oil prices. Investors are preparing for significant US inflation data this week, which could offer valuable insights into the Federal Reserve’s upcoming policy decisions. In the domestic Read More
