Copper prices experienced a modest increase, closing up 1.01% at Rs 1,150.4, as market participants drew some optimism from the prospect of alleviating geopolitical tensions. Sentiment showed signs of improvement following Donald Trump’s extension of the deadline for potential action against Iran, thereby providing additional time for negotiations. Although this offered temporary respite, the overall Read More
Natural gas prices experienced an increase, closing up 3.06% at Rs 289.7, bolstered by a stronger-than-anticipated withdrawal from U.S. storage, indicating robust near-term demand. The U.S. Energy Information Administration reported a decline in inventories of 54 billion cubic feet for the week ending March 20, significantly surpassing market expectations. Total stockpiles have decreased to 1.829 Read More
Gold prices experienced a significant increase, closing up 3.33% at Rs 147,255, largely attributed to the reduction in geopolitical tensions following Donald Trump’s postponement of potential military action against Iran and the extension of the negotiation deadline to April 6. The transient alleviation in the Strait of Hormuz, coupled with constrained oil flow interruptions, bolstered Read More
Oil prices experienced a decline following the announcement by US President Donald Trump regarding the extension of the deadline for action against Iran’s energy sector. This development has offered temporary relief to financial markets, yet it simultaneously prolongs the uncertainty surrounding the potential evolution of the conflict into April. Brent crude experienced a decline of Read More
On Friday, gold and silver prices in India saw an increase, mirroring the rise in global bullion prices, alongside a weakening dollar. MCX gold rate for June futures contracts commenced at Rs 1,44,000 per 10 grams, reflecting an increase of Rs 1,486, or 1.04%, compared to the prior closing figure of Rs 1,42,514. MCX silver Read More
Zinc prices experienced a decline of 0.56%, closing at Rs 308.6, amid ongoing concerns regarding the economic repercussions stemming from the conflict in the Middle East, which persistently impact the overall sentiment in the industrial metals sector. Increasing oil prices have exacerbated inflation concerns and cast uncertainty over global growth, thereby constraining potential upside, even Read More
Crude oil prices experienced a significant increase, rising by 4.69% to close at Rs 8,736, driven by ongoing supply disruptions in the Middle East that have heavily influenced market sentiment. Tensions persist as Iran refutes any involvement in negotiations with the U.S., countering previous assertions of potential advancement. The current circumstances have maintained elevated levels Read More
A significant increase of 4% has occurred in the price of silver, which has reached roughly $74 per ounce. This marks the third session in a row that silver has witnessed increases. There is a growing sense of confidence regarding the prospects of negotiations between the United States of America and Iran, as well as Read More
Aluminium prices exhibited a largely subdued performance, declining slightly by 0.12% to close at Rs 330.9, as a combination of mixed supply developments and demand concerns contributed to a range-bound market. On the supply side, output has increased in certain areas, with Alvance British Aluminium raising production at its Lochaber smelter by approximately 10%, bolstered Read More
Natural gas prices experienced significant downward pressure, declining 5.35% to close at Rs 272.7, influenced by a reduction in geopolitical tensions and a less favorable demand outlook that impacted market sentiment. The decline was a consequence of U.S. President Donald Trump’s decision to postpone military action against Iranian targets, leading to a cooling of global Read More
The price of silver has fallen below $67 per ounce, influenced by prevailing selling pressures in the market. The Iranian government has refuted claims of engaging in discussions with the United States, while simultaneously intensifying its military operations against American interests. The ongoing military operations by Israel are contributing to heightened tensions in the Middle Read More
Copper prices declined by 0.36% to close at Rs 1,108, influenced by increasing oil prices and persistent tensions in the Middle East, which have heightened concerns regarding inflation and global economic growth. The surge in energy prices has prompted a more prudent approach from central banks, as policymakers indicate that inflationary pressures could postpone or Read More
Crude oil prices surged by 2.89% to close at Rs 9,258, propelled by increasing geopolitical tensions and heightened worries regarding potential supply disruptions in the Middle East. The declaration of force majeure by Iraq concerning oilfields managed by foreign companies, coupled with the escalation of U.S. military presence in the area, has intensified concerns regarding Read More
Gold prices declined by 0.32% to settle at Rs 1,44,492, continuing their recent downturn as escalating geopolitical tensions and inflation worries altered market expectations towards a more hawkish monetary stance. The recent escalation in the Middle East, marked by an uptick in U.S. military deployment, has led to a rise in energy prices and heightened Read More
Zinc prices experienced a decline of 2.36%, settling at Rs 306.6, reflecting a broader weakness in industrial metals driven by escalating concerns regarding the global economic ramifications of the Iran conflict. Sentiment continued to face challenges as a result of a robust US dollar and a consistent accumulation of inventories. Stocks on the Shanghai Futures Read More
Natural gas prices experienced a significant increase, rising by 4.31% to close at Rs 295.5, influenced by heightened geopolitical tensions in the Middle East that have sparked renewed worries about potential supply disruptions. Iran’s missile strikes on Qatar’s Ras Laffan Industrial City—home to the world’s largest LNG export facility—along with reported hits on energy infrastructure Read More
Silver stabilized above 73 per ounce on Friday. On track for a third consecutive weekly decline. The surge in energy prices has heightened concerns regarding inflation. The Federal Reserve indicated that there will be no reductions in interest rates until inflation shows signs of abating. The markets are currently anticipating two rate hikes from both Read More
Copper prices experienced significant downward pressure, declining by 2% to close at Rs 1153, influenced by increasing inventories and overarching macroeconomic concerns that dampened market sentiment. Stocks in LME warehouses increased to 334,100 tons, marking the highest level since August 2019, indicative of a robust near-term supply situation. The widening discount between the cash contract Read More
Crude oil prices exhibited an upward trajectory, concluding with an increase of 1.43% at Rs 8998, driven by escalating geopolitical tensions in the Middle East. Recent threats from Iran’s Revolutionary Guards aimed at energy infrastructure in Saudi Arabia, the UAE, and Qatar have heightened apprehensions regarding potential supply disruptions. The uncertainty is compounded by attacks Read More
Gold prices experienced significant downward pressure, falling 1.9% to close at Rs 1,53,025, as robust U.S. producer inflation data bolstered expectations for a continued hawkish approach from the Federal Reserve. A 0.7% increase in wholesale prices has driven Treasury yields closer to 4.2%, bolstering the dollar and raising the opportunity cost associated with holding non-yielding Read More
