Zinc prices experienced a modest increase, closing up 1.18% at Rs 312.7. This uptick was bolstered by positive sentiment regarding stable demand from China, coupled with diminishing inventories and persistent disruptions on the supply side. Sentiment was bolstered by reports of planned maintenance shutdowns at multiple Chinese zinc mines, anticipated to diminish concentrate availability in Read More
Natural gas prices experienced a significant increase, closing up 3.5% at Rs 304.5, bolstered by predictions of colder weather and a reduction in U.S. production levels. Average gas production in the Lower 48 states decreased to 109.1 bcfd in January from a record high of 109.7 bcfd in December, with daily output approaching a three-week Read More
At the same time that the MCX has surpassed 287,600, the price of silver has risen to a level that is greater than $91.50 per ounce. There has been a discernible rise in the amount of safe-haven purchase activity over the past few years as a result of geopolitical tensions and budgetary concerns. A cut Read More
Copper prices experienced a notable recovery, closing up by 2.65% at Rs 1,315.2, bolstered by a depreciating U.S. dollar and a more optimistic outlook on demand following China’s indication of new initiatives to enhance domestic consumption. China’s cabinet deliberated on a suite of fiscal and financial measures designed to bolster household expenditure and investment, thereby Read More
Crude oil prices experienced a slight decline, closing down 0.32% at Rs 5,335, as the anticipation of a revival in Venezuelan oil exports overshadowed the premiums associated with geopolitical risks. Market participants concentrated on signals suggesting that Venezuela might soon make available up to 50 million barrels of previously sanctioned crude, thereby contributing to short-term Read More
Gold prices experienced a significant increase, closing up by 2.31% at Rs 142,032, as the yellow metal reached new all-time highs exceeding the $4,600 per ounce threshold. The significant increase was propelled by elevated geopolitical and political uncertainty, especially worries regarding the autonomy of the U.S. Federal Reserve in light of recent events surrounding a Read More
Aluminium prices experienced a notable increase, closing up by 2.77% at Rs 317.4, as investors recalibrated their expectations regarding supply constraints in light of robust global demand. Sentiment was bolstered by a strengthening confidence in China’s macroeconomic outlook, following the central bank’s reaffirmation of its dedication to an accommodative policy stance. This includes anticipated reserve Read More
Natural gas prices experienced a significant decline, closing down by 4.08% at Rs 294.2. This downturn was influenced by a slight increase in daily production and weather predictions indicating predominantly mild temperatures for the upcoming fortnight, which are anticipated to maintain heating demand below typical seasonal levels. Despite predictions of a short-lived colder period later Read More
The price of silver saw a tremendous surge of more than four percent, reaching levels that had never been seen before and surpassing eighty-three dollars. As the level of geopolitical unpredictability continues to rise, there has been a strong increase in the demand for assets that are safe. The demonstrations that have been going on Read More
Zinc prices declined by 0.74% to close at Rs 307.35, influenced by a stronger dollar index, which reached its highest point since early December as investors reevaluated the Federal Reserve’s policy outlook in light of mixed U.S. economic data. U.S. labor indicators exhibited resilience, as initial jobless claims saw a modest increase while announced job Read More
Crude oil prices exhibited an upward trajectory, concluding with an increase of 2.42% at Rs 5,163, as market participants evaluated recent developments concerning Venezuela and the ongoing deliberations regarding potential U.S. sanctions on nations engaging in commerce with Russia. The recent release of softer U.S. labor data has bolstered market sentiment, thereby reinforcing expectations for Read More
Gold prices experienced a slight decline, closing down by 0.19% at Rs 137,742, as investors adjusted their positions in anticipation of futures selling associated with the annual commodity index rebalancing. Additionally, a stronger U.S. dollar exerted further pressure by increasing the cost of the metal for international purchasers. The dollar remained close to a one-month Read More
Copper prices experienced a decline, closing down by 2.28% at Rs 1,307.75, as profit-taking occurred following the recent surge fueled by expectations of constrained supply and concerns related to tariffs. Market participants express caution regarding the possibility that U.S. tariffs on refined metals, instituted during the Trump administration, may redirect global shipments to the U.S., Read More
Natural gas prices experienced a significant increase, closing up by 4.93% at Rs 321.4, bolstered by a confluence of reduced output and enhanced expectations for demand driven by favorable weather conditions. Production in the Lower 48 states has moderated to an average of 109.0 bcfd thus far in January, a decrease from the record 109.7 Read More
The impetus in the precious metal market is decreasing, which is causing silver to continue its downward trend. Price pressure is exerted downward as a result of the appreciation of the dollar, which coincides with a background of various economic indications coming from the United States. Participants in the market are anticipating that the Federal Read More
Aluminium prices experienced a notable recovery in the last session, closing up by 2.74% at Rs 314.8. This increase was bolstered by a rise in investor confidence, reflecting early indications of economic stabilization in China, attributed to Beijing’s strategic support for essential sectors. Further assurance arose from China’s reaffirmation of its dedication to mitigating overcapacity Read More
Crude oil prices experienced a decline in the previous session, closing down by 1.14% at Rs 5,210, as investors took profits while evaluating the wider ramifications of the US military operation in Venezuela, in conjunction with other persistent geopolitical risks. Market sentiment exhibited a cautious demeanor following OPEC+’s decision to maintain its output policy, sidestepping Read More
Gold futures exhibited resilience in the prior session, closing with a gain of 0.7% at Rs 139,083 as investors gravitated towards safe-haven assets in response to escalating geopolitical tensions in Venezuela, triggered by the US military operation and the capture of President Nicolas Maduro. The prevailing uncertainty bolstered demand for bullion, underscoring gold’s function as Read More
Copper prices concluded the trading session with an increase of 2.04%, reaching a settlement at Rs 1313.3, driven by supply-side concerns that overshadowed the mixed macroeconomic indicators. Sentiment was bolstered by disruptions in critical producing areas, notably Chile, where Capstone Copper revealed that operations at its Mantoverde mine would be reduced to approximately 30% capacity Read More
Natural gas prices concluded the trading session with a notable decline, decreasing by 5.29% to settle at Rs 315.2, as apprehensions regarding weather-related demand significantly impacted market sentiment. Expectations for heating demand have been notably diminished due to forecasts indicating warmer-than-normal temperatures across the US through January 20. Heating Degree Days are anticipated to stay Read More
