Silver prices have surged to unprecedented levels, with the metal approaching $66 internationally while MCX silver has climbed to a record high of 205,934. The rally reflects growing investor interest in alternative assets amid mixed U.S. economic signals, particularly uneven labor market data. Uncertainty around growth and policy has encouraged diversification away from traditional assets, Read More
Copper prices increased by 1.18% to close at Rs 1,109.7, buoyed by positive sentiment regarding China’s dedication to an active fiscal policy in the coming year and the U.S. Federal Reserve’s recent interest rate reduction and expansion of its balance sheet. China’s official Xinhua news agency has indicated that policymakers are set to sustain fiscal Read More
Natural gas prices experienced a decline of 1.75%, settling at Rs 369.9, as market participants continued to incorporate milder weather forecasts, reduced near-term demand expectations, and near-record supply levels into their assessments. Weather models suggest that warmer-than-normal conditions will prevail in key consuming regions until December 26, which is likely to lead to a notable Read More
Gold prices concluded the trading session with an increase of 0.38%, reaching Rs 134,130, bolstered by rising anticipations of additional monetary easing from the U.S. and ongoing demand from the official sector. Recent indicators of a slowdown in the U.S. labor market have bolstered market expectations that the Federal Reserve may implement two rate reductions Read More
Aluminium prices concluded the session with a slight decline of 0.64% at Rs 278.9, reflecting the overall weakness in the broader base metals market as investors processed recent remarks from the Federal Reserve and reevaluated the interest rate projections for 2026. Despite the decline, the downside remained constrained, bolstered by enhancing demand prospects and ongoing Read More
Crude oil prices experienced an increase of 0.95%, closing at Rs 5,228. This uptick was influenced by geopolitical tensions following the US’s seizure of a tanker associated with Venezuela, which has heightened concerns regarding possible supply disruptions. Venezuela characterized the action as an instance of piracy, with tensions escalating further due to Ukraine’s ongoing assaults Read More
At historically elevated levels, the silver market is currently undergoing a phase of consolidation after an exceptional rally earlier this year. Prices have already advanced by more than 100% year-to-date, prompting a natural pause as participants reassess valuations. While momentum remains strong, periods of stabilization are typical after such sharp gains, particularly when concerns about Read More
Copper futures experienced a rally of 2.42%, reaching Rs 1111.85. This movement was bolstered by the U.S. Federal Reserve’s decision to implement a quarter-point rate cut, alongside persistent outflows of copper directed towards U.S. warehouses, which heightened apprehensions regarding supply constraints in other regions. The depreciation of the dollar following the Federal Reserve’s decision contributed Read More
Natural gas futures experienced significant declines, concluding at Rs 381.1, reflecting a 9.39% drop due to ongoing pressures from near-record production levels in the U.S., ample storage capacities, and lackluster global pricing trends. In December, production across the Lower 48 states has averaged 109.6 billion cubic feet per day, aligning with the record high established Read More
Silver is selling at a price that is higher than $63 per ounce, which places it in close proximity to its previous peaks. The performance of precious metals has been positively impacted for the better as a result of the Federal Reserve’s recent drop of the interest rate by a quarter point, in conjunction with Read More
Zinc experienced a decline of 1.11% to Rs 310.55, as profit-taking emerged after a robust rally. Concurrently, renewed apprehensions regarding a slower trajectory of U.S. rate cuts and uncertainty surrounding Chinese demand contributed to the prevailing sentiment. Investors in China reduced their expectations for immediate stimulus following key leadership meetings that indicated a more cautious Read More
Crude oil declined by 1.65% to Rs 5246, as apprehensions regarding an expanding supply glut eclipsed ongoing geopolitical uncertainties. Market participants are currently anticipating the upcoming IEA and OPEC+ reports, which are expected to provide greater clarity on supply-demand expectations. The IEA previously anticipated a significant surplus for 2026, whereas OPEC+ has recently revised its Read More
Gold continued its upward trajectory, closing 0.11% higher at Rs 130107 as market participants increasingly anticipated a possible rate cut by the Federal Reserve. The attention of investors is now directed towards the Federal Reserve’s revised economic forecasts and the remarks from Chair Jerome Powell, which are anticipated to provide a more definitive understanding of Read More
Copper increased by 0.34% to Rs 1097.05 as market sentiment strengthened in response to Citi’s optimistic price forecast and the backing of a depreciating U.S. dollar in anticipation of the forthcoming Fed rate cut. Citi has adjusted its average price forecast for the second quarter of next year to $13,000, with an optimistic scenario projecting Read More
Natural gas experienced a significant decline of 8.01%, settling at Rs 448.9, as forecasts indicated a trend towards milder weather in the upcoming fortnight, thereby diminishing expectations for heating demand. Near-record U.S. output, ample storage levels, and declining global gas prices contributed to the downturn. European nations have affirmed their intentions to phase out Russian Read More
Gold declined by 0.38% to Rs 129,962 as traders adopted a cautious stance in anticipation of the Federal Reserve’s upcoming policy meeting, where a 25 basis points rate cut is nearly fully anticipated, influenced by mixed US employment figures and stable core inflation rates. Markets anticipate additional easing in 2025, as investors look forward to Read More
Aluminium prices experienced a modest increase of 0.27% to Rs 279, although gains were constrained by ongoing apprehensions regarding demand conditions in China, the leading consumer of metals globally. Despite concerns regarding demand, the downside remained limited as Chinese smelters near government-imposed capacity ceilings, thereby constraining supply growth. Aluminium inventories on the SHFE increased by Read More
Crude oil yesterday settled higher by 0.82% at Rs 5427, reflecting the persistent geopolitical tensions, particularly the ongoing Russia-Ukraine conflict and the unresolved standoff between the U.S. and Venezuela. Market sentiment was shaped by Saudi Arabia’s decision to lower its January Arab Light crude prices for Asia to the lowest point in five years, alongside Read More
Gold prices increased by 0.3% to Rs 130,462, influenced by a series of weak US economic indicators that bolstered expectations for a forthcoming Federal Reserve rate cut. The World Gold Council’s latest data further substantiates the trend, indicating that global central banks have intensified their acquisitions, contributing a net 53 tonnes in October—the most robust Read More
Zinc declined by 0.24% to Rs 308.25 as traders realized profits following recent increases attributed to reduced availability in LME-registered warehouses. Earlier sentiment was bolstered by robust eurozone business activity, which grew at its quickest rate in more than two years, coupled with anticipations of a U.S. Federal Reserve rate cut and a weaker dollar. Read More
