Copper prices increased by 0.51% to close at Rs 1013.4, buoyed by optimism regarding a possible resolution to the U.S. government shutdown and anticipated improvements in demand sentiment from China. Nonetheless, apprehensions persisted regarding diminished Chinese bank lending and a deceleration in total social financing, which dampened market optimism. Production data on the supply side Read More
Crude oil prices experienced a notable decline of 3.79%, concluding at Rs 5,198, as renewed concerns regarding an oversupplied global market exerted pressure. The decline was influenced by indications that OPEC+ members are progressively reinstating production capacity, while non-OPEC producers, especially in the U.S. and Brazil, are increasing their output levels. These developments have heightened Read More
Gold prices surged 2.06% to settle at Rs 1,26,465, driven by increasing expectations of an imminent Federal Reserve rate cut, as indications of a cooling U.S. labor market bolstered the argument for monetary easing. Data indicating that U.S. companies are eliminating an average of 11,250 jobs per week as of late October has intensified speculation Read More
Aluminium prices experienced a modest increase of 0.04%, concluding at Rs 273.55. This uptick is attributed to a resurgence of optimism regarding China’s economic strategies, a reduction in deflationary pressures, and anticipations of enhanced demand in the context of constricting supply. Market sentiment experienced an uplift as the U.S. government approached the conclusion of its Read More
Natural gas prices experienced a notable increase of 4.92%, closing at Rs 400.9, bolstered by strong export demand and unprecedented operational levels at U.S. LNG facilities. Flows to the eight major LNG terminals have averaged approximately 17.4 billion cubic feet per day (bcfd) this month, exceeding the record levels set in October. The increase occurs Read More
Gold prices experienced a slight decline of 0.05%, closing at Rs 123913 as investors took profits following recent increases. This movement was influenced by ongoing concerns regarding the extended U.S. government shutdown and heightened expectations for a Federal Reserve rate cut in December. While the U.S. Senate advanced towards resolving the unprecedented shutdown, apprehension regarding Read More
Zinc concluded the day with an increase of 0.88%, reaching Rs 304.7, buoyed by enhanced sentiment stemming from China’s October inflation figures. The alleviation of deflationary pressures, evidenced by a 0.2% increase in the consumer price index and a reduction in factory-gate price declines to 2.1%, has bolstered optimism regarding an economic recovery in the Read More
Crude oil yesterday concluded the trading session with an increase of 0.62% at Rs 5,328, reflecting renewed optimism surrounding a potential agreement to reopen the U.S. government, which is anticipated to enhance fuel demand. The positive sentiment was somewhat mitigated by ongoing apprehensions regarding global oversupply, following U.S. President Donald Trump’s decision to grant Hungary Read More
Silver prices recorded a notable surge this week, climbing by more than 5% to approximately $51 per ounce, as weakening U.S. economic indicators fueled expectations of monetary easing by the Federal Reserve. Data from the United States has reinforced the market’s belief that the central bank will cut interest rates in December, providing strong momentum Read More
Copper yesterday concluded with a slight increase of 0.02% at Rs 1000.3, buoyed by a reduction in trade tensions between the U.S. and China, alongside ongoing supply concerns from significant global producers. Market sentiment exhibited a degree of caution in anticipation of significant Chinese economic data and the forthcoming U.S. developments. The outlook for Federal Read More
Natural gas yesterday concluded with an increase of 1.29% at Rs 385.8, supported by strong demand from LNG export facilities and a storage build in the U.S. that was less than expected. Prices showed strength after the report from the U.S. Energy Information Administration, which revealed a storage injection of 33 billion cubic feet for Read More
Gold yesterday closed up by 0.38% at Rs 121067, as weaker U.S. labor market data bolstered expectations for a forthcoming Federal Reserve rate cut. In October, Challenger job cuts experienced a threefold increase, representing the most significant monthly rise in more than twenty years, attributed to declining consumer demand by companies. The data tempered optimism Read More
Aluminium yesterday concluded the trading session with a marginal decline of -0.07% at Rs 271.75, influenced by a robust US dollar and resurfacing concerns regarding demand, which negatively impacted market sentiment. Nonetheless, losses were contained owing to enhancing demand outlooks and constrained supply expansion in China. Recent months have seen a strengthening of fund inflows Read More
Crude oil prices experienced a decline of 0.81%, settling at Rs 5,262, as apprehensions regarding diminishing demand and an expanding global supply surplus persisted, impacting market sentiment. Heightened inventories and augmented output from both OPEC+ and non-member nations have intensified concerns regarding oversupply. Saudi Arabia’s choice to reduce December crude prices for Asian purchasers highlighted Read More
Gold prices experienced a modest increase of 0.08%, closing at Rs 1,20,613. This uptick was underpinned by a deteriorating U.S. labor outlook, which heightened expectations for additional easing measures from the Federal Reserve. The extended U.S. government shutdown has introduced complexities into economic evaluations, redirecting attention towards private-sector indicators. In October, ADP private payrolls increased Read More
Zinc prices experienced a decline of 0.5%, settling at Rs 300.45, influenced by subdued demand from China and the strengthening of the U.S. dollar, which dampened purchasing interest. The most recent figures from the Shanghai Metals Market indicate that zinc treatment charges have increased to $87.5 per ton, marking a notable rebound from the negative Read More
Natural gas prices experienced a decline of 2.81%, settling at Rs 377.2, as increased production and forecasts of mild weather negatively impacted demand expectations. Meteorological models forecast above-normal temperatures throughout a significant portion of the U.S. until mid-November, resulting in heating demands remaining below seasonal averages. In November, production in the Lower 48 states has Read More
Following a large decline, the price witnessed a comeback from the 38.2% Fibonacci support level that was located around Rs 139,700 while it was trading. At the moment, the 50-day moving average is located at Rs 140,500, which operates as an essential support level for the current trend. After being oversold for a length of Read More
Copper prices experienced a slight decline of 0.16%, settling at 1009.2, as indications of weak demand and a robust US dollar momentarily eclipsed concerns regarding supply. China’s official manufacturing PMI indicated a seventh consecutive month of contraction, highlighting a decline in industrial demand due to diminished consumer spending and increasing global trade protectionism. Nonetheless, copper Read More
Crude oil yesterday concluded the trading session with an increase of 0.46% at Rs 5,447, following OPEC+’s decision to halt production increases for the first quarter of 2026, which offered a degree of support to prices. The coalition, which includes OPEC and its partners such as Russia, has reached a consensus to increase output by Read More
