Gold concluded the session with a 0.89% increase, reaching Rs 130,652, buoyed by rising anticipations regarding a potential interest rate cut by the US Federal Reserve in the upcoming week. A succession of dovish remarks from Federal Reserve officials, alongside lackluster US economic data following the extended government shutdown, has bolstered market expectations, with traders Read More
Aluminium prices experienced an increase of 0.96%, reaching Rs 273.05, bolstered by heightened expectations regarding a potential rate cut by the U.S. Federal Reserve in December, following dovish remarks from policymakers. Market sentiment also strengthened as concerns grew regarding Chinese smelters nearing government-imposed capacity ceilings, which restrict further output expansion. Supply constraints were underscored by Read More
Natural gas prices increased by 3.05% to Rs 425.7, bolstered by heightened demand expectations and vigorous LNG export activity. In November, U.S. LNG terminals experienced record flows, averaging 18.1 bcfd, compared to 16.6 bcfd in October, which bolstered market sentiment. Forecasts indicating colder-than-normal weather through December 11 have led to an increase in heating demand Read More
Silver prices climbed nearly 1% to reach $57.29 per ounce, driven largely by concerns over tightening supply and declining warehouse inventories in Shanghai. The slight rise occurred despite only minimal impact on the broader market from Friday’s CME trading disruption. Markets have already fully priced in a 25-basis-point Federal Reserve rate cut, making non-yielding assets Read More
Copper prices concluded the session unchanged at Rs 1020.7, with a rebound in the U.S. dollar and disappointing economic indicators from China contributing to a lackluster sentiment. In October, industrial profits in China experienced a contraction, exacerbated by rising concerns regarding the debt situation of developer Vanke. The ongoing 2%–3% premium of Comex over LME Read More
Crude oil experienced an increase of 1.87%, concluding at Rs 5,290, driven by geopolitical uncertainty and a complex interplay of supply factors that bolstered prices. Market sentiment improved as uncertainties arose about the effectiveness of the new U.S. proposal aimed at resolving the Russia–Ukraine conflict, with EU officials indicating that Russia demonstrated “no real intent” Read More
Gold prices experienced a decline of 0.34%, concluding at Rs 1,25,504, as traders engaged in profit-taking while considering the increasing likelihood of a U.S. interest rate reduction in December. Market sentiment experienced a notable shift following remarks from prominent Federal Reserve officials, such as Mary Daly and Christopher Waller, which bolstered expectations for monetary easing. Read More
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
