Crude oil yesterday concluded with an increase of 1.04% at Rs 5833, driven by geopolitical factors and supply-side dynamics that bolstered prices. The ongoing strikes by Ukraine on Russian energy infrastructure have led Moscow to implement a partial ban on diesel exports until the end of the year, while also extending its ban on gasoline Read More
The price of silver has increased by more than one percent, exceeding 1,44,000 and reaching $46.5 per ounce, which is the highest the price has been in fourteen years. The demand for safe-haven assets among investors has increased as a result of the rise in anxieties over the possibility of the United States government shutting Read More
Zinc prices experienced a slight decline of 0.05%, concluding at Rs 284.9, as traders took the opportunity to realize profits following recent increases. The recent pullback occurred despite LME zinc stocks declining to their lowest level since May 23, now at 48,825 tons, representing a nearly 80% decrease this year. In a display of robust Read More
Natural gas prices increased by 1.8%, concluding at Rs 283.4, bolstered by projections indicating heightened demand in the forthcoming two weeks. In September, U.S. output has averaged 107.4 bcfd to date, a decrease from August’s peak of 108.3 bcfd, with daily production poised to reach a 10-week low of 106.3 bcfd. Previous high levels of Read More
Gold prices concluded the trading session with a slight increase of 0.07%, reaching Rs 112,629, as robust U.S. economic indicators persistently support the case for elevated interest rates. The U.S. GDP growth for Q2 has been revised upward to 3.8%, accompanied by an unexpected increase in durable goods orders and a decline in jobless claims Read More
Copper experienced a notable increase of 2.98% yesterday, closing at Rs 945.75, driven by supply concerns following Freeport-McMoran’s declaration of force majeure at its Grasberg mine in Indonesia. The miner cautioned that output in 2026 may be reduced by 35% compared to previous estimates due to a landslide that has interrupted operations. On the inventory Read More
Crude oil experienced a significant increase of 2.56% yesterday, closing at Rs 5,776, driven by a contraction in global supplies due to various disruptions in major producing areas. Prices demonstrated continued strength following the confirmation of strikes by Ukraine’s military on two oil pumping stations located in Russia’s Volgograd region. Additionally, the declaration of a Read More
Gold settled lower yesterday by -1.13% at Rs 112,555, reflecting profit booking following US Fed Chair Jerome Powell’s cautious remarks regarding interest rate cuts. Despite recent gains bolstered by safe-haven demand, the yellow metal encountered pressure as Powell underscored the Federal Reserve’s challenge of reconciling persistent inflation with a declining job market. While certain Fed Read More
Aluminium yesterday concluded with a slight increase of 0.2% at Rs 255.7, bolstered by robust speculative purchasing and a constricting near-term supply situation. LME inventories experienced a significant decline, as primary aluminium stocks dropped by nearly 100,000 tonnes in the initial third of the month, reaching a total of 375,000 tonnes, indicative of swift physical Read More
Natural gas experienced an increase of 1.56% yesterday, closing at Rs 253.6. This rise was underpinned by predictions of warmer-than-normal weather throughout the U.S., which heightened expectations for stronger demand as we move into early October. LSEG has forecasted that average U.S. gas demand, inclusive of exports, will increase from 101.1 bcfd last week to Read More
Silver sustains a valuation exceeding $44, navigating the Federal Reserve’s prudent stance alongside strong industrial demand. On Wednesday, hovering near its peak valuation observed over the past fourteen years. This development transpired as market participants undertook a reassessment of the Federal Reserve’s forecasts following the prudent remarks made by Chair Jerome Powell. Powell, the Chair Read More
Copper yesterday concluded with a 0.40% increase at Rs 910.25, buoyed by short covering; however, the upward momentum was restrained by escalating inventories and a sluggish global economic environment. Data from the Shanghai Futures Exchange indicated a 12.5% increase in inventories, reaching the highest level since June at 105,814 tons, while LME stocks experienced a Read More
Crude oil yesterday concluded with a slight decline of -0.09% at Rs 5,522, as the market navigated the interplay between geopolitical concerns and apprehensions regarding oversupply. On the supply front, Iraq, the second-largest producer within OPEC, has ramped up exports in accordance with the OPEC+ agreement, with September shipments anticipated to reach between 3.4 and Read More
Gold experienced a notable increase of 2.17% yesterday, concluding at an unprecedented level of Rs 1,12,230, bolstered by strong safe-haven demand and heightened anticipations of additional rate cuts by the U.S. Federal Reserve. The rally intensified following remarks from St. Louis Fed President Alberto Musalem, who indicated that interest rates currently reside “between modestly restrictive Read More
Zinc prices decreased by 0.79% to close at Rs 276.25, coinciding with China’s refined zinc production in August reaching its highest monthly level since the first quarter of 2024. Nonetheless, the downside was constrained due to tightening supply conditions and anticipations of capacity reductions in China, as authorities escalate efforts to mitigate overcapacity in heavy Read More
Natural gas prices decreased by 1.85%, closing at 254.2, influenced by sufficient storage levels and predictions of milder weather, which are anticipated to reduce demand in the short term. Average gas output in the Lower 48 states has decreased marginally to 107.4 bcfd in September, a decline from August’s record high of 108.3 bcfd; however, Read More
In the context of increasing anticipations surrounding a potential easing of the Federal Reserve’s interest rate policy, silver has ascended to a peak not witnessed in 14 years. Silver attained a peak not observed in fourteen years within the global marketplace, surging past the $43.5 threshold. The peak valuation that MCX silver has reached historically Read More
Zinc prices declined by 0.3% to close at Rs 278.45 as traders realized profits in the wake of the U.S. Federal Reserve’s rate cut, compounded by a stronger dollar following Fed Chair Jerome Powell’s indication against further aggressive easing. Nonetheless, the drawbacks appeared constrained in light of the tightening supply dynamics and anticipations of production Read More
Crude oil futures declined by 0.97%, closing at Rs 5,591, influenced by ongoing oversupply issues and subdued fuel demand patterns in the United States. Global oil demand averaged 104.4 million bpd through September 17, which is slightly below JP Morgan’s forecast. However, the deceleration in travel activity in the U.S. and China following the summer Read More
Gold prices declined by 0.7%, closing at Rs 1,09,052, as a robust U.S. dollar dampened market sentiment in the aftermath of the Federal Reserve’s recent policy announcement. The Federal Reserve implemented a 25 basis points reduction in interest rates as expected, yet adopted a prudent stance regarding additional easing. Chair Jerome Powell highlighted a “meeting-by-meeting” Read More
