Aluminium yesterday concluded the trading session with a marginal decline of -0.07% at Rs 271.75, influenced by a robust US dollar and resurfacing concerns regarding demand, which negatively impacted market sentiment. Nonetheless, losses were contained owing to enhancing demand outlooks and constrained supply expansion in China. Recent months have seen a strengthening of fund inflows Read More
Crude oil prices experienced a decline of 0.81%, settling at Rs 5,262, as apprehensions regarding diminishing demand and an expanding global supply surplus persisted, impacting market sentiment. Heightened inventories and augmented output from both OPEC+ and non-member nations have intensified concerns regarding oversupply. Saudi Arabia’s choice to reduce December crude prices for Asian purchasers highlighted Read More
Gold prices experienced a modest increase of 0.08%, closing at Rs 1,20,613. This uptick was underpinned by a deteriorating U.S. labor outlook, which heightened expectations for additional easing measures from the Federal Reserve. The extended U.S. government shutdown has introduced complexities into economic evaluations, redirecting attention towards private-sector indicators. In October, ADP private payrolls increased Read More
Zinc prices experienced a decline of 0.5%, settling at Rs 300.45, influenced by subdued demand from China and the strengthening of the U.S. dollar, which dampened purchasing interest. The most recent figures from the Shanghai Metals Market indicate that zinc treatment charges have increased to $87.5 per ton, marking a notable rebound from the negative Read More
Natural gas prices experienced a decline of 2.81%, settling at Rs 377.2, as increased production and forecasts of mild weather negatively impacted demand expectations. Meteorological models forecast above-normal temperatures throughout a significant portion of the U.S. until mid-November, resulting in heating demands remaining below seasonal averages. In November, production in the Lower 48 states has Read More
Following a large decline, the price witnessed a comeback from the 38.2% Fibonacci support level that was located around Rs 139,700 while it was trading. At the moment, the 50-day moving average is located at Rs 140,500, which operates as an essential support level for the current trend. After being oversold for a length of Read More
Copper prices experienced a slight decline of 0.16%, settling at 1009.2, as indications of weak demand and a robust US dollar momentarily eclipsed concerns regarding supply. China’s official manufacturing PMI indicated a seventh consecutive month of contraction, highlighting a decline in industrial demand due to diminished consumer spending and increasing global trade protectionism. Nonetheless, copper Read More
Crude oil yesterday concluded the trading session with an increase of 0.46% at Rs 5,447, following OPEC+’s decision to halt production increases for the first quarter of 2026, which offered a degree of support to prices. The coalition, which includes OPEC and its partners such as Russia, has reached a consensus to increase output by Read More
Gold yesterday settled marginally higher by 0.15% at Rs 1,21,409 as investors anticipated crucial U.S. private payroll data this week to assess the probability of an additional Federal Reserve rate cut before the end of the year. The metal also garnered support from international geopolitical and economic developments. A recent framework agreement between the U.S. Read More
Aluminium concluded the day with an increase of 0.57% at Rs 271.8, bolstered by constrained near-term supply and robust long-term demand expectations. Prices increased as aluminium inventories on the Shanghai Futures Exchange declined by 3.89% compared to the previous week, suggesting consistent consumption patterns. Supply concerns have intensified following Century Aluminium’s announcement of production cuts Read More
Natural gas experienced an increase of 4.68% yesterday, closing at Rs 364.9, driven by heightened expectations for heating demand alongside strong LNG export activity, which bolstered prices. Forecasts of colder weather across the U.S. in anticipation of winter have increased the demand for gas-intensive heating, while consistent global demand for LNG from Europe and Asia Read More
Gold yesterday settled lower by 0.23% at Rs 1,21,232 as diminishing expectations for an additional rate cut by the U.S. Federal Reserve and a decline in safe-haven demand, driven by improving U.S.–China trade relations, exerted downward pressure on prices. The declaration of a trade truce, which includes a one-year agreement on rare earths and critical Read More
Copper prices declined by 0.94% to Rs 1011.75 as market participants responded to the conclusion of trade discussions between the U.S. and China, which provided ambiguous signals regarding market sentiment. President Trump announced a reduction in tariffs on China, while Beijing pledged to ease rare earth export restrictions and resume soybean purchases. However, concerns persist Read More
Crude oil prices increased by 0.35% to Rs 5,391 as traders evaluated the prospects of a U.S.–China trade truce following President Donald Trump’s decision to reduce tariffs on China, providing a slight boost to market sentiment. Nonetheless, optimism was tempered by ongoing worries regarding weak demand and increasing global supply, bolstering expectations of an oil Read More
The price of silver remained over $48.5 per ounce, indicating that it is likely to have a slight weekly appreciation. There has been a discernible increase in the demand for safe-haven assets, driven by heightened market volatility following a downturn in U.S. equity markets. The recent drop in interest rates by the Federal Reserve, combined Read More
Zinc prices increased by 0.4% to Rs 301.55, bolstered by a significant supply constraint in the global market beyond China, where stockpiles have fallen to multi-year lows. LME zinc stocks experienced a significant decline, reaching 35,200 tons, which is close to their lowest levels since March 2023. This represents an 85% reduction since the beginning Read More
Natural gas prices decreased by 0.85% to Rs 338.7, as consistent production levels and sufficient storage continued to exert pressure on the market. Output has consistently hovered near a three-week high of 108 billion cubic feet per day, as unprecedented production levels earlier this year enabled energy companies to accumulate inventories significantly exceeding seasonal averages. Read More
Gold prices increased by 0.85% to Rs 1,20,666, buoyed by bargain hunting in anticipation of the U.S. Federal Reserve’s rate decision. The Federal Reserve reduced interest rates by 25 basis points to a range of 3.75%–4%, representing the lowest level since 2022. Chair Powell suggested a potential pause in additional cuts for the remainder of Read More
Aluminium prices increased by 0.17% to Rs 271.05, reflecting strong trends in the LME as prices surpassed $2,870 per tonne in October — the highest level in over three years — bolstered by constrained near-term supply and solid long-term demand expectations. China has reiterated its position on regulating metal overcapacity, upholding its annual aluminium production Read More
Crude oil prices declined by 1.99% to Rs 5,330, amid growing apprehensions regarding a possible supply surplus, following indications that OPEC+ might increase production once more in December. The producer alliance, spearheaded by Saudi Arabia, is said to be contemplating a slight increase in production to reclaim market share, which is overshadowing the optimism stemming Read More
