Copper prices experienced a modest increase of 0.22%, reaching Rs 993.85, bolstered by supply concerns and anticipations of global monetary easing. The market exhibited resilience as declining treatment and refining charges (TC/RCs) posed a risk to smelter margins, raising concerns over diminished refined output. Importers in Japan, South Korea, and Spain have expressed concerns that Read More
Natural gas prices declined by 1.52% to Rs 259.9, as forecasts of mild weather and adequate storage levels alleviated worries regarding supply constraints. Nonetheless, losses were limited by a reduction in production alongside robust liquefied natural gas exports. Projections suggest above-average temperatures persisting until late October, thereby postponing the emergence of substantial heating requirements. It Read More
At the moment, the price of silver is maintained at more than $54 per ounce, getting close to its all-time high and positioned to attain a weekly gain of around eight percent. The demand for safe-haven assets has increased as a result of issues faced by the U.S. banking sector and concerns surrounding the credit Read More
Zinc prices experienced a decrease of 0.48%, settling at Rs 289.9 yesterday, as the intensifying trade tensions between the U.S. and China negatively impacted demand sentiment for industrial metals. The premium for LME cash zinc over the three-month contract has contracted significantly to $75 a ton from $202 previously, suggesting a reduction in tightness, even Read More
Crude oil yesterday settled lower by 1.68% at Rs 5,145 as investors responded to apprehensions regarding a possible supply surplus and the resurgence of trade tensions between the U.S. and China. The International Energy Agency projected that the global oil market may encounter a surplus of as much as 4 million barrels per day by Read More
Gold yesterday settled higher by 0.76% at Rs 1,27,210, reaching a new record high as renewed U.S.-China trade tensions and expectations of additional U.S. Federal Reserve rate cuts enhanced safe-haven demand. Federal Reserve Chair Jerome Powell emphasized a lackluster labor market while also pointing to indications of a stronger economic path, bolstering expectations for a Read More
Aluminium concluded the day with a decline of 0.21% at Rs 263.6, influenced by the resurgence of trade tensions between the U.S. and China, which raised concerns regarding global demand. Markets exhibited a degree of caution following the confirmation from U.S. Treasury Secretary Scott Bessent regarding President Trump’s forthcoming meeting with Chinese leader Xi Jinping Read More
Natural gas yesterday settled lower by 2.57% at Rs 269.4, as mild weather forecasts and ample storage levels alleviated concerns regarding supply tightness. Revised weather models suggest that above-average temperatures will continue into late October, postponing any notable increase in heating demand. Reports indicates that significant cooling is improbable until the last week of the Read More
Gold yesterday settled higher by 1.31% at Rs 1,26,256 as investors sought refuge in safe-haven assets due to escalating US-China trade tensions and revived anticipations of US interest rate reductions. The geopolitical landscape continued to exhibit tension as China declared additional retaliatory actions against American companies, in response to President Trump’s warning of imposing 100% Read More
Copper prices experienced a notable increase of 3.56%, closing at Rs 1003.5. This rebound follows a period of recent declines, driven by US President Donald Trump’s optimistic remarks regarding trade negotiations with China, which alleviated concerns about an extended trade conflict. The recovery ensued after a significant 4% decline on Friday, prompted by Trump’s tariff Read More
Crude oil prices increased by 1.09%, closing at Rs 5,303. This rise was bolstered by a more optimistic outlook following U.S. President Donald Trump and Vice President JD Vance’s gentler approach towards China, which has sparked expectations for a reduction in trade tensions, notwithstanding the impending 100% tariffs and export controls scheduled for November 1. Read More
Gold prices experienced a notable increase of 2.69%, concluding at Rs 1,24,629. This movement was largely attributed to heightened safe-haven demand, spurred by intensifying U.S.-China trade tensions and rising anticipations regarding potential rate cuts by the U.S. Federal Reserve. Sentiment experienced an uptick following U.S. President Donald Trump’s threat to impose 100% tariffs on Chinese Read More
Zinc experienced a decline of -0.87% yesterday, closing at Rs 291.9, amid escalating U.S.-China trade tensions following China’s decision to broaden rare earth export controls and President Trump’s warning of significant new tariffs. The downside, however, was constrained by supply issues stemming from the shutdown of Japan’s significant Toho Zinc Annaka facility and lowered output Read More
Natural gas prices experienced a decline of 5.16%, closing at Rs 275.6. This drop can be attributed to high storage levels and predictions of mild weather extending into late October, which are anticipated to restrict both heating and cooling demand. The recent decline interrupted a two-week upward trend, as prices decreased by more than 4% Read More
Silver prices jumped more than 2% on Monday, surpassing the $51 per ounce mark to hit a new record high as investors turned to safe-haven assets amid escalating global uncertainty. The surge follows renewed trade tensions between the United States and China, with tariff threats once again rattling markets and sparking fears of a prolonged Read More
Copper prices increased by 0.39% to close at Rs 1003.25, reflecting upward movements on the LME where prices reached $11,000 a ton — the highest level in more than 16 months — driven by supply disruptions and a resurgence of speculative inflows. Concerns regarding shortages have escalated following Teck Resources’ reduction of its long-term production Read More
Crude oil prices experienced a decline of 2.04%, settling at Rs 5,462 per barrel, as market participants responded to reports indicating a potential ceasefire deal in Gaza, which has contributed to a reduction in geopolitical tensions in the Middle East. U.S. crude inventories have increased for the second consecutive week, rising by 1.8 million barrels Read More
Gold prices experienced a notable decline of 2.2%, settling at Rs 1,20,493 per 10 grams. This drop can be attributed to a strengthening dollar and profit-taking by investors following the announcement of a ceasefire agreement between Israel and Hamas. The decline ensued after a record-high rally, propelled by geopolitical tensions and anticipations of U.S. rate Read More
Aluminium prices increased by 0.50%, closing at Rs 262.95. This movement aligns with the strength observed in LME prices, which have reached a 16-month peak due to decreasing inventories and tightening supply conditions. LME on-warrant inventories decreased by 15% in the last month, now standing at 398,775 tons, indicative of robust physical demand coupled with Read More
Natural gas experienced a decline of 3.58% yesterday, closing at Rs 296.3. This drop was influenced by a smaller-than-anticipated reduction in output and adequate storage levels, which overshadowed the positive impact of cooler weather forecasts. U.S. production in the Lower 48 states has averaged 106.4 billion cubic feet per day (bcfd) in October, showing a Read More
