Copper prices experienced a notable increase of 2.82%, reaching Rs 1076.55, propelled by escalating global supply concerns and robust speculative interest within a constricting market environment. Market participants have been reallocating substantial quantities of copper to the United States in anticipation of possible import tariffs, thereby exacerbating supply constraints in other key trading centers. The Read More
Crude oil increased by 0.89% to Rs 5356, buoyed by escalating geopolitical tensions following Russia’s confirmation that discussions with US officials did not yield any agreement regarding a possible peace deal for Ukraine. This setback, along with recent Ukrainian strikes on Russia’s Black Sea oil infrastructure, has rekindled supply-side concerns and introduced a risk premium Read More
The price has retreated from its recent peak near Rs 184,743, signalling the beginning of a corrective move after an extended rally. Initial support is aligned with the 50-hour moving average, which overlaps the 23.6%–38.2% Fibonacci retracement band and is expected to act as a short-term stabilizing zone. The broader trend remains supported by the Read More
Zinc declined by 0.79% to Rs 306, influenced by a stronger dollar, diminished risk appetite, and profit-taking following the recent rally. Market sentiment was shaped by a confluence of mixed global fundamentals. The global zinc market surplus contracted to 20,300 tons in September, down from 32,700 tons in August, as reported by ILZSG, suggesting a Read More
Natural gas prices increased by 1.25% to Rs 438.9, bolstered by forecasts of colder weather and a more significant-than-anticipated withdrawal from storage, both of which enhanced market sentiment. The ambiguity surrounding the Russia–Ukraine peace talks has introduced additional upside risk, with market participants anticipating that sanctions on Russian gas exports could remain in place, thereby Read More
Gold prices experienced a decline of 0.68%, settling at Rs 1,29,759, as traders opted to realize profits following the metal’s ascent to a six-week peak. The correction occurred against a backdrop of robust expectations for a 25 basis points reduction in the U.S. Federal Reserve’s interest rate next week, with market participants assigning an 88% Read More
Copper experienced an increase of 1.34%, reaching Rs 1050.25, driven by constricted supply dynamics and a weaker US dollar, which enhanced purchasing activity. Supply-side constraints continue to play a pivotal role in the market’s robustness, as Chile — the leading global producer — has indicated a 7% year-on-year decline in October production, totaling 458,405 metric Read More
Crude oil ended the day unchanged at Rs 5,324, as market participants processed the results of the recent OPEC+ meeting alongside a consistent flow of supply-related information from both US and international agencies. OPEC+ has reaffirmed its decision to maintain the current production levels for the first quarter of the upcoming year, thereby extending the Read More
Gold concluded the session with a 0.89% increase, reaching Rs 130,652, buoyed by rising anticipations regarding a potential interest rate cut by the US Federal Reserve in the upcoming week. A succession of dovish remarks from Federal Reserve officials, alongside lackluster US economic data following the extended government shutdown, has bolstered market expectations, with traders Read More
Aluminium prices experienced an increase of 0.96%, reaching Rs 273.05, bolstered by heightened expectations regarding a potential rate cut by the U.S. Federal Reserve in December, following dovish remarks from policymakers. Market sentiment also strengthened as concerns grew regarding Chinese smelters nearing government-imposed capacity ceilings, which restrict further output expansion. Supply constraints were underscored by Read More
Natural gas prices increased by 3.05% to Rs 425.7, bolstered by heightened demand expectations and vigorous LNG export activity. In November, U.S. LNG terminals experienced record flows, averaging 18.1 bcfd, compared to 16.6 bcfd in October, which bolstered market sentiment. Forecasts indicating colder-than-normal weather through December 11 have led to an increase in heating demand Read More
Silver prices climbed nearly 1% to reach $57.29 per ounce, driven largely by concerns over tightening supply and declining warehouse inventories in Shanghai. The slight rise occurred despite only minimal impact on the broader market from Friday’s CME trading disruption. Markets have already fully priced in a 25-basis-point Federal Reserve rate cut, making non-yielding assets Read More
Copper prices concluded the session unchanged at Rs 1020.7, with a rebound in the U.S. dollar and disappointing economic indicators from China contributing to a lackluster sentiment. In October, industrial profits in China experienced a contraction, exacerbated by rising concerns regarding the debt situation of developer Vanke. The ongoing 2%–3% premium of Comex over LME Read More
Crude oil experienced an increase of 1.87%, concluding at Rs 5,290, driven by geopolitical uncertainty and a complex interplay of supply factors that bolstered prices. Market sentiment improved as uncertainties arose about the effectiveness of the new U.S. proposal aimed at resolving the Russia–Ukraine conflict, with EU officials indicating that Russia demonstrated “no real intent” Read More
Gold prices experienced a decline of 0.34%, concluding at Rs 1,25,504, as traders engaged in profit-taking while considering the increasing likelihood of a U.S. interest rate reduction in December. Market sentiment experienced a notable shift following remarks from prominent Federal Reserve officials, such as Mary Daly and Christopher Waller, which bolstered expectations for monetary easing. Read More
Aluminium concluded the day with a 1.51% increase, reaching Rs 272.2, buoyed by rising anticipations of a U.S. Federal Reserve rate reduction in December following the dovish remarks from central bank representatives. This change in sentiment enhanced risk appetite throughout the metals sector. Prices received additional support from apprehensions regarding Chinese smelters nearing government-mandated capacity Read More
Natural gas yesterday settled 2.10% higher at Rs 408.3, buoyed by robust fundamentals stemming from record LNG export flows and anticipations of colder weather conditions in the U.S. Record-high output persists in shaping supply dynamics, as Lower 48 production averaged 109.7 bcfd in November, an increase from 107.4 bcfd in October, and exceeding the prior Read More
Silver prices are currently trading just below fifty-three dollars an ounce, supported by strong expectations that the Federal Reserve will lower interest rates in December. Financial markets are now pricing in an 85 percent likelihood of a rate cut, reflecting growing confidence that monetary easing is imminent. This outlook has strengthened demand for silver, particularly Read More
Zinc concluded the day with a modest increase of 0.03%, reaching Rs 297.35. This uptick was underpinned by a diminishing global surplus, although the ascent was tempered by escalating LME inventories. According to data from the International Lead and Zinc Study Group, the global zinc market surplus decreased to 20,300 tons in September, a decline Read More
Crude oil yesterday settled 1.32% lower at Rs 5,166, as oversupply concerns exerted more influence than the geopolitical tensions related to Russian shipments. Despite the ongoing risk of sanctions-related disruptions amid stagnant Russia–Ukraine ceasefire negotiations, the overall forecast for 2026 suggests a trend toward a more relaxed market environment. Several institutions, such as Deutsche Bank Read More
