Copper settled 0.85% lower at Rs. 1,407.45 as a stronger United States dollar and rising oil prices weighed on sentiment. However, renewed buying interest from China limited further losses. Expectations of restocking following China’s week-long holiday bolstered the market, as the Yangshan copper import premium increased by 5% from its prior assessment to $125 per Read More
Natural gas concluded the trading session with a decline of 1.32%, settling at Rs 305.8. This decrease can be attributed to elevated domestic storage levels, which have momentarily overshadowed anticipations of increased heating demand and ongoing supply constraints in international markets. However, further downside remained constrained by anticipations of heightened gas flows to liquefied natural Read More
Gold and silver prices commenced trading on the Multi-Commodity Exchange on Friday with an upward trajectory, driven by a depreciating US dollar and declining Treasury yields, which enhanced the attractiveness of bullion. Meanwhile, investors are evaluating ongoing inflationary pressures and the prospective direction of Federal Reserve interest rates. In the domestic market, MCX silver futures Read More
Aluminium concluded the session with a decline of 0.51%, settling at Rs 339.65. This downturn was influenced by diminishing worries regarding supply disruptions in the Gulf and anticipations of increased production capacity in Indonesia. Additionally, a stronger dollar and the rise in global bond yields contributed to the negative sentiment. However, the downside remained constrained Read More
Crude oil settled down 0.88% at Rs 8,552 as the market responded to the International Energy Agency’s initiatives to expedite the release of oil stocks and focus on diesel supplies. This comes in the context of record-high fuel prices and a constricting global supply situation exacerbated by the Iran war. Geopolitical risks have persisted at Read More
Gold and silver prices experienced an uptick on the Multi Commodity Exchange on Thursday, attributed to a decline in the dollar from an 18-month high. Traders are currently assessing the likelihood of an additional rate hike by the US Federal Reserve following the publication of the minutes from the central bank’s recent policy meeting. In Read More
Zinc settled 1.03% higher at Rs 417.6, buoyed by tightening supply conditions and disruptions across major producing regions. However, concerns regarding future Chinese export deliveries to the London Metal Exchange and weakness in LME copper constrained further gains. Nyrstar has initiated a strategic review of its zinc smelting operations in the Netherlands, whereas Mitsui Kinzoku Read More
Natural gas concluded the trading session with a 2.07% increase, reaching Rs 301.2. This upward movement was bolstered by a decline in US production in recent weeks, attributed to disruptions in pipeline operations and heightened flows toward LNG export facilities. Additionally, there are anticipations regarding the return of a liquefaction train at Freeport LNG in Read More
Gold and silver prices commenced the day on a downward trajectory on the Multi Commodity Exchange this Wednesday, as market participants looked forward to the release of the minutes from the US Federal Reserve’s September meeting. This anticipation is driven by a desire for insights regarding the potential for additional interest rate hikes by policymakers. Read More
Copper settled up 0.78% at Rs 1,410.5 as diminishing expectations of a US Federal Reserve rate hike overshadowed the influence of a stronger dollar. Supply concerns have bolstered the bullish sentiment following a 12.8% year-on-year decline in Chilean copper production in August, which reached 369,500 tonnes-the lowest figure recorded since February 2011. Additionally, workers at Read More
Crude oil concluded the trading session with a decline of 2.77%, settling at Rs 8,669, as indications of rising global supply overshadowed ongoing geopolitical uncertainties in the Middle East. The G7 nations have reached a consensus to release 100 million barrels of crude and diesel from their emergency reserves, all while continuing to uphold energy Read More
Gold and silver prices commenced the day on a downward trajectory on the Multi Commodity Exchange this Tuesday, influenced by a robust US dollar and increasing Treasury yields that exerted pressure on the metals. However, the extent of these losses was mitigated by diminished expectations surrounding a Federal Reserve interest rate hike in the current Read More
Zinc settled 1.4% lower at Rs 410.6, influenced by expectations of increased refined production from Japan’s Mitsui Kinzoku, which intends to produce 117,700 tonnes of refined zinc in the second half of fiscal 2026, reflecting a 32% year-on-year increase. Sentiment was influenced by weaker Chinese economic indicators, as industrial profits increased by 15.7% in the Read More
Natural gas settled 0.96% lower at Rs 287.5, pressured by expectations of rising production and mild weather conditions that could keep heating and cooling demand subdued. The US Energy Information Administration reported a 64 billion cubic feet storage build for the week ended September 25, reinforcing concerns over comfortable supply levels. US Lower 48 gas Read More
Gold and silver prices exhibited a mixed opening on the Multi Commodity Exchange on Monday. Recent weak economic data from the US has significantly diminished expectations for a rate hike by the Federal Reserve in October, thereby enhancing the attractiveness of non-yielding assets. In the domestic market, silver futures for December 2026 delivery increased by Read More
While trade remained muted ahead of the week-long holiday in China, copper finished slightly down by 0.02% at Rs 1,401.65 as increased Chinese industrial activity offered support. China’s official manufacturing PMI increased to 50.1 in September from 49.8 in August, indicating a return to expansion territory. Meanwhile, the private RatingDog survey revealed even stronger momentum, Read More
Natural gas concluded the trading session with a decline of 1.16%, settling at Rs 290.3. This decrease was influenced by predictions of reduced demand and anticipations of increased production in the United States, particularly following the resumption of operations at the Mountaineer XPress pipeline in West Virginia. In September, natural gas production in the contiguous Read More
Copper settled 0.99% lower at Rs 1,405.25, influenced by weak economic data from China, rising oil prices, and a stronger US dollar, which collectively dampened demand prospects. China’s industrial profit growth experienced a further deceleration in August, as advancements in technology manufacturing associated with the AI boom were counterbalanced by ongoing weak domestic demand. Increased Read More
Crude oil concluded the trading session with a 0.71% increase, reaching Rs 8,911, following US President Donald Trump’s dismissal of Iran’s recent proposal aimed at resolving the conflict and reopening the Strait of Hormuz, thereby maintaining heightened geopolitical supply risks. Crude exports from major Middle East producers increased to 12.8 million barrels per day in Read More
Gold and silver prices continued their decline for a second consecutive day on the Multi Commodity Exchange on Tuesday, driven by increasing oil prices that heightened inflation concerns and bolstered expectations for further interest rate hikes by the Federal Reserve. In the domestic market, MCX silver futures for September 2026 delivery experienced a decline of Read More
