Zinc prices settled down 0.39% at Rs 434.1, influenced by elevated prices that weakened demand and discouraged buying in China. Additionally, expectations of increased Chinese export deliveries to the LME contributed to the downward pressure. The decline was also influenced by a sharp pullback in copper amid changing tariff expectations, which weighed on the broader Read More
Natural gas prices experienced an increase of 3.52%, closing at Rs 282.5. This rise was bolstered by a reduction in daily US production and enhanced flows toward liquefied natural gas exports, despite the fact that overall supply continues to be high. LSEG data indicated that average Lower 48 gas output reached 113.0 billion cubic feet Read More
Gold and silver prices exhibited a mixed opening on the Multi Commodity Exchange on Wednesday, as investors evaluated the likelihood of major central banks maintaining elevated interest rates for an extended period in their ongoing efforts to manage persistent inflation. In the domestic market, MCX silver futures for September 2026 delivery increased by Rs 780, Read More
Copper prices settled up 0.67% at Rs 1412.45, driven by expectations of a seasonal increase in Chinese demand that bolstered speculative buying. Traders are closely monitoring the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping, seeking clarity on potential refined copper tariffs. Anticipations regarding inventory replenishment in China in advance of Read More
Crude oil prices experienced a decline of 4.2%, closing at Rs 8,836. This movement reflects investor sentiment leaning toward the potential for enhanced shipment prospects from Saudi Arabia, even in the face of persistent attacks by Yemeni Houthis and the prevailing uncertainty related to the US-Iran standoff. President Donald Trump suggested a potential willingness to Read More
Aluminium prices concluded at Rs 353.15, reflecting a 0.28% increase, bolstered by constrained physical availability and diminishing inventories on the Shanghai Futures Exchange. However, the supply outlook may enhance as numerous smelters recommence curtailed capacity and embark on expansion initiatives. The US-Iran conflict has significantly impacted aluminium supplies originating from the Gulf region, evidenced by Read More
Natural gas prices concluded the session with a 0.14% increase, reaching Rs 279.6. This uptick was bolstered by optimistic demand projections for the upcoming week and increased inflows to US LNG export facilities. However, the extent of the gains was limited by unprecedented production levels and adequate storage capacities. US Lower 48 gas output averaged Read More
Gold and silver prices commenced the trading session on the Multi Commodity Exchange on Monday with a decline, interrupting a two-day upward trend. This shift comes as investors assess the latest tensions between Iran and the US, ongoing developments in the Middle East, and the possible repercussions for inflation and interest rates. In the domestic Read More
Zinc settled 1.8% higher at Rs 427.65 following reports of an industrial accident at Korea Zinc’s Onsan smelter, which raised concerns regarding near-term supply. Additionally, tight inventories outside China offered further support. The LME cash zinc contract premium over the three-month contract persisted at a high level of $124 per tonne, indicative of limited physical Read More
Crude oil settled 0.62% lower at Rs 9,758, reflecting a reduction in concerns regarding supply disruptions following Saudi Arabia’s indication that it could restore approximately half of the damaged East-West pipeline capacity within days and achieve full operations within six weeks. Saudi Aramco is endeavouring to circumvent impaired segments and restore partial flows, while Riyadh Read More
Gold and silver prices commenced trading on the Multi Commodity Exchange on Friday with a mixed performance, buoyed by declining oil prices and a lacklustre US dollar. Meanwhile, investors remained vigilant regarding ongoing developments in the Middle East and the broader implications for global interest rates. In the domestic market, silver futures for September 2026 Read More
Copper settled 0.64% higher at Rs 1,374.35, buoyed by indications of robust demand from China, the leading global consumer. However, traders exhibited caution in anticipation of the US Federal Reserve’s interest-rate decision. Chinese buyers have capitalised on the recent price decline to restock inventories, resulting in a 7% increase in the Yangshan copper premium to Read More
Natural gas settled 0.82% lower at Rs 277.9, influenced by near-record production, adequate storage levels, and revised forecasts indicating milder weather over the upcoming two weeks. Average Lower 48 output was anticipated to decrease to a two-month low of 108.4 bcfd on Tuesday, while elevated temperatures through September 30 are expected to maintain demand for Read More
Aluminium concluded the trading session with a 0.24% increase, reaching Rs 348.9, bolstered by constrained physical availability. This situation is underscored by LME inventories hovering close to a 36-year low, while SHFE stockpiles persist in their downward trend. However, the upside remained constrained as several smelters resumed curtailed capacity and pursued expansion projects, while increased Read More
Natural gas settled higher by 0.65% at Rs 280.2, buoyed by a decrease in daily U.S. production and projections for warmer-than-normal weather extending through the end of September, which may maintain cooling demand. LSEG reported average Lower 48 gas output at 113.2 billion cubic feet per day in September, an increase from the August monthly Read More
Gold and silver prices commenced trading on a positive note on the Multi Commodity Exchange this Wednesday, even as anticipation builds around a potential rate hike in the US Federal Reserve’s forthcoming decision, set against a backdrop of intensifying geopolitical tensions. In the domestic market, silver futures for September 2026 delivery increased by Rs 4,000, Read More
Copper prices concluded the trading session with a decline of 1.3%, settling at Rs 1,360.45. This downturn was influenced by prevailing uncertainty regarding potential U.S. tariffs on refined copper imports and the consequent effects on inventory flows. The White House remains undecided on tariffs, as officials evaluate the implications of increased manufacturing costs in relation Read More
Crude oil prices concluded the trading session with an increase of 1.99%, reaching Rs 9,717. This uptick was bolstered by apprehensions regarding potential disruptions to energy supplies from the Persian Gulf, particularly in light of a drone attack on a vital Saudi Arabian pipeline. Saudi Arabia’s Energy Ministry announced the closure of the pipeline as Read More
Gold and silver prices exhibited a mixed performance on the Multi Commodity Exchange on Tuesday, as investors remained poised for the US Federal Reserve’s policy decision, seeking insights into the prospective trajectory of monetary policy in the context of rising geopolitical tensions. In the domestic market, MCX silver futures for September 2026 delivery experienced a Read More
Aluminium concluded the trading session down by 1.81% at Rs 349.3, influenced by anticipations of a quicker production rebound at Emirates Global Aluminium and Alba, which dampened market sentiment. However, ongoing physical supply constraints and decreasing inventories served to mitigate the extent of the decline. EGA reported that its Al Taweelah smelter is currently functioning Read More
