Aluminium prices increased by 0.40%, concluding at Rs 339.80, bolstered by persistent supply concerns and the contraction of exchange inventories. Visible aluminium stocks in LME-registered warehouses have reached their lowest level since 2022, while inventories at the Shanghai Futures Exchange have decreased by 4.8%, underscoring robust physical demand. Renewed geopolitical uncertainty following fresh U.S. strikes Read More
Crude oil prices experienced a notable increase of 8.01%, concluding at Rs 7,360, driven by rising geopolitical tensions in the Middle East that intensified apprehensions regarding global energy supplies. Iran has intensified missile strikes on Gulf nations in response to renewed U.S. military actions, heightening concerns over potential disruptions to oil shipments via the Strait Read More
Gold and silver prices commenced trading on a positive note on Tuesday on the MCX, breaking a two-day decline. This uptick occurred amidst rising tensions between the United States and Iran, which led to a significant increase in oil prices, thereby heightening inflation concerns. These developments have reinforced expectations for elevated U.S. interest rates following Read More
Aluminium prices fell by 1.6%, closing at Rs 338.45, influenced by enhanced supply outlooks following the resumption of operations at Emirates Global Aluminium’s Al Taweelah alumina refinery after a three-and-a-half-month shutdown. The company anticipates that production will achieve 50% of capacity within a matter of days and expects to restore full operational capability by year-end, Read More
Natural gas prices decreased by 2.57%, closing at Rs 280.3. This decline was influenced by anticipations of reduced feedgas demand from LNG export facilities, coupled with stronger-than-expected storage injections. Freeport LNG has declared a period of scheduled maintenance at its pre-treatment and liquefaction facilities, set to occur from 10 July through late August. This maintenance Read More
Silver prices commenced the trading session on the MCX with a notable decline on Monday, marking a continuation of losses for a second consecutive session. This downturn is attributed to heightened apprehensions regarding the potential closure of the Strait of Hormuz, which has led to a significant increase in oil prices. Such developments have intensified Read More
Zinc prices advanced 1.93% to settle at Rs 375.9, bolstered by constricting near-term supply conditions and a resurgence in manufacturing activity across major economies. A more robust manufacturing outlook from China, Europe, and the United States has enhanced sentiment for industrial metals. Concurrently, supply disruptions at critical mining and smelting operations have sustained prices, even Read More
Crude oil prices experienced a decline of 3.1%, settling at Rs 6,854, as traders took the opportunity to book profits following a recent rally that was fuelled by rising geopolitical tensions in the Middle East. Despite the correction, market sentiment continued to exhibit a pronounced sensitivity to developments related to the renewed conflict between the Read More
Gold prices experienced a notable rebound, closing 1.11% higher at Rs 145,300, bolstered by a slightly weaker U.S. dollar that stimulated buying interest. However, investor sentiment remained cautious due to ongoing geopolitical tensions in the Middle East and the prevailing uncertainty regarding the Federal Reserve’s policy direction. The recovery also reflected short covering after recent Read More
Copper prices experienced a decline of 0.62%, settling at Rs 1,268.1. This movement can be attributed to the intensification of geopolitical tensions in the Middle East, which in turn bolstered the U.S. dollar and heightened apprehensions regarding global manufacturing activity. Renewed hostilities between the United States and Iran, coupled with stricter limitations on Iranian energy Read More
Natural gas prices experienced a decline of 1.25%, concluding at Rs 307.8. This movement was primarily driven by expectations of above-normal storage levels, which overshadowed the support provided by warmer weather forecasts and consistent LNG export demand. Despite forecasts for above-average temperatures through July 23, which are anticipated to elevate cooling demand and enhance gas Read More
Aluminium prices increased by 0.24% to close at Rs 333.25, bolstered by worries regarding possible supply interruptions in the Middle East and a decrease in global inventories. Market sentiment exhibited a degree of caution following reports of a vessel being hit in the Strait of Hormuz. Concurrently, Iran asserted that peace negotiations with the United Read More
Crude oil prices increased by 2.35% to close at Rs 6,705, bolstered by a resurgence of geopolitical tensions in the Middle East following reports of a ship being hit in the Strait of Hormuz. Sentiment also deteriorated following Iran’s declaration that peace negotiations with the United States would not recommence unless President Donald Trump retracted Read More
Gold and silver prices commenced trading on the MCX on Wednesday with a decline, marking the continuation of losses for a third consecutive session. Recent U.S. military actions against Iran have resulted in an uptick in oil prices and the U.S. dollar, raising apprehensions that inflation may persist at elevated levels. This scenario could lead Read More
Copper prices increased by 0.20% to close at Rs 1,287.4, buoyed by constricting global supply dynamics and ongoing reductions in inventory levels at key metal exchanges. However, gains remained constrained as investors exhibited caution regarding the uncertainty surrounding U.S. monetary policy and the potential imposition of import tariffs on refined copper. Market participants remained vigilant Read More
Crude oil prices experienced a decrease of 0.26%, concluding at Rs 6,551. This decline occurred as market pressures mounted following OPEC+’s decision to increase production targets starting in August, alongside a recovery in exports through the Strait of Hormuz, which alleviated concerns regarding supply disruptions. The producer group sanctioned an extra output increase of 188,000 Read More
Gold prices declined by 0.31% to close at Rs 146,917, influenced by the strengthening of the U.S. dollar, which exerted downward pressure on bullion prices. However, losses remained constrained following weaker-than-anticipated U.S. employment data, which bolstered expectations that the Federal Reserve might postpone additional interest rate increases. In June, the growth of nonfarm payrolls experienced Read More
Zinc prices concluded the trading session with a 1.92% increase, reaching Rs 366.65. This uptick was bolstered by a resurgence in global manufacturing activity and a tightening of supply conditions in the near term. Manufacturing data from China, Europe, and the United States indicated continued expansion despite elevated input costs, reinforcing expectations for steady industrial Read More
Natural Gas prices concluded the trading session with an increase of 1.44%, reaching Rs 310.4. This uptick was bolstered by enhanced flows to US liquefied natural gas export facilities and anticipations of unprecedented electricity demand, driven by forecasts of warmer-than-normal weather across a significant portion of the United States. Despite a slight moderation in temperature Read More
Gold prices decreased by Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, while silver fell by Rs 5,000. This decline was influenced by a sluggish global trend and a strong US dollar, leading traders to reduce their positions in precious metals. The precious metal of 99.9 per cent purity Read More
