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
Gold yesterday settled 1.11% higher at Rs 1,25,225, buoyed by increasing expectations of a US Federal Reserve rate cut in December following dovish remarks from several Fed officials. Fed Governor Christopher Waller indicated backing for a forthcoming rate cut in light of ongoing weakness in the labor market, reflecting sentiments expressed by Mary Daly and Read More
Copper yesterday settled 0.39% lower at Rs 999.15 as funds booked profits on long positions. However, sentiment remained buoyed by expectations of a U.S. rate cut next month and a weaker dollar. Market participants were keenly anticipating China’s industrial production data to gain clearer insights into demand, as the nation represents over half of the Read More
Natural gas prices experienced a significant decline, closing 2.8% lower at Rs 403.4. This drop was influenced by near-record production and adequate storage levels, even in the face of robust LNG flows and anticipations of colder weather on the horizon. Output in the Lower 48 is experiencing a notable increase, with LSEG indicating 109.4 bcfd Read More
Silver has broken above the $51 level, reaching a one-week high as upbeat sentiment builds around the likelihood of a U.S. rate cut in December. The metal’s advance follows increasingly dovish signals from Federal Reserve officials, which have shifted market expectations toward a more accommodative policy stance. Christopher Waller, a Fed governor, has openly supported Read More
Zinc experienced a modest increase, closing 0.46% higher at Rs 306.25, bolstered by consistently constrained LME inventories and a slight rebound in physical premiums. In September, the global zinc market experienced a significant reduction in surplus, contracting to 20,300 tons from the previous month’s figure of 32,700 tons, as reported by data. In the initial Read More
Crude oil prices experienced a decline, closing 1.25% lower at Rs 5197, influenced by renewed diplomatic initiatives between the United States and Ukraine that have sparked optimism regarding a potential peace framework, which could lead to an increase in global supply. Ukrainian President Volodymyr Zelenskiy’s remarks regarding collaboration with Washington on a plan to conclude Read More
Gold prices experienced a notable recovery, closing 1.19% higher at Rs 124191, bolstered by revived anticipations of imminent US interest rate reductions following recent statements from Federal Reserve officials. New York Fed President John Williams indicated potential for easing, contributing to gold’s recovery, despite policymakers maintaining focus on persistent inflation and a robust labor market. Read More
Aluminium prices experienced a modest increase of 0.19%, reaching Rs 265.1 per kg, supported by anticipations of enhanced demand and limited production in China, the leading producer and consumer globally. The most recent figures from the International Aluminium Institute indicate that global primary aluminium production in October amounted to 6.294 million tonnes, representing a year-on-year Read More
Natural gas prices experienced a decline of 0.79%, settling at Rs 399.6 per mmBtu. This decrease is attributed to near-record production levels in the U.S. and substantial storage capacities, despite the presence of strong demand and unprecedented flows to LNG export facilities. The average gas production in the Lower 48 states reached 109.1 bcfd in Read More
Silver prices have slipped below $50, extending a multi-day losing streak as expectations solidify that the Federal Reserve will keep interest rates unchanged in December. Despite strong hiring reflected in the latest NFP release, the U.S. unemployment rate has climbed to its highest level in four years. With October employment data now being merged into Read More
Zinc prices experienced a slight increase, closing 0.28% higher at Rs 301.95, bolstered by consistently constrained LME inventories and a modest rebound in physical premiums. Nonetheless, the potential for growth appeared constrained as disappointing economic indicators from China dampened demand sentiment, while the anticipation of a U.S. rate cut in December diminished. Several Federal Reserve Read More
Natural gas futures experienced a significant increase, climbing 4.68% to Rs 402.8, bolstered by a transition to colder weather forecasts as early December approaches. The recent European model has incorporated increased heating demand for late November and early December, leading to a resurgence in purchasing activity following several days of upward adjustments. Despite winter weather Read More
Gold prices experienced a modest increase, closing 0.34% higher at Rs 123,051 as investors turned to safe-haven assets in anticipation of the forthcoming Federal Reserve meeting minutes and the postponed US jobs report. The minutes revealed a split within the Federal Reserve, as a number of officials advocated for a rate cut in October, while Read More
Copper prices declined by 0.72% to Rs 995.45, influenced by a robust U.S. dollar amid ongoing uncertainty regarding the Federal Reserve’s potential rate cuts in December. The attention now turns to the postponed September payrolls data, which may impact policy direction. In a further indication of bearish sentiment, LME copper inventories increased by 4,450 tonnes Read More
Crude oil prices increased by 0.75% to Rs 5,360, buoyed by a resurgence in demand expectations after the conclusion of the U.S. government shutdown, which enhanced sentiment regarding short-term energy consumption. Supply-side risks experienced a temporary escalation following a Ukrainian strike that interrupted activities at Russia’s Novorossiysk port; however, loading operations have since returned to Read More
