Silver is currently valued at around $49 per ounce, as markets grapple with ongoing economic and geopolitical uncertainties. The looming U.S. government shutdown has added to the uncertainty, delaying the release of critical economic data and clouding projections for growth and stability. Minutes from the Federal Open Market Committee meeting have further highlighted concerns surrounding Read More
Zinc prices increased by 1.04% to Rs 296.25, reflecting LME levels surpassing $3,015 per tonne for the first time this year, driven by escalating supply concerns. Despite a 6.3% year-on-year increase in mined zinc output during the first half of 2025, refined production experienced a decline of more than 2%. This downturn can be attributed Read More
Crude oil prices experienced a decline of 0.20%, settling at Rs 5,480, as persistent oversupply concerns and weak demand prospects weighed on the market. This downward movement was somewhat mitigated by ongoing geopolitical risks that prevented prices from falling further. Global oil inventories, which encompass crude stored on water, experienced a weekly increase throughout September, Read More
Gold prices increased by 0.72% to Rs 1,21,111, buoyed by global economic uncertainty and robust anticipations of additional US rate cuts. The current US government shutdown, which has extended following several unsuccessful funding bills, has left markets without crucial economic data, thereby bolstering demand for safe-haven assets. Market participants are anticipating 25-basis-point reductions in the Read More
Aluminium prices increased by 0.64%, concluding at Rs 261.35, bolstered by apprehensions regarding supply and a resurgence in demand as operational rates improved. Ongoing supply challenges, such as interruptions in Guinea and constrained production in China, supported price levels. China’s manufacturing PMI registered at 49.8, remaining below the critical 50 threshold, indicative of lackluster industrial Read More
Natural gas prices increased by 0.57% to reach a settlement at Rs 300, bolstered by a storage build from the EIA that was tighter than anticipated, alongside robust demand for LNG exports. The most recent report indicated a storage increase of 53 billion cubic feet (bcf) for the week ending September 26, which falls short Read More
Gold prices surged by 1.81% to settle at Rs 1,20,249, driven by renewed safe-haven demand amid escalating concerns over the prolonged US government shutdown, which was extended after the Senate failed to reach a funding deal. The shutdown has postponed the release of crucial economic data, such as the September non-farm payrolls report, compelling traders Read More
Copper experienced a significant increase yesterday, rising by 3.38% to reach Rs 990.05, driven by renewed concerns regarding supply following several disruptions that impacted market expectations. The recent mud-flow incident at Indonesia’s Grasberg mine has resulted in a suspension of operations, with a return to full-scale output anticipated no sooner than early 2027. Freeport-McMoRan has Read More
Crude oil yesterday settled lower by -0.98% at Rs 5439, influenced by renewed oversupply concerns stemming from reports that OPEC+ might increase production in the coming month. This development has compounded the pressures arising from the ongoing U.S. government shutdown and a decline in seasonal demand. Iraq, the second-largest producer within OPEC, is set to Read More
This marks the highest price that silver has reached since April 2011, when it reached $48.3 per ounce on Monday. As a result of the ongoing political and economic unpredictability that is linked with the shutdown of the United States government, investors have been gravitating into safe-haven assets, which has led to this spike. Because Read More
Zinc concluded the day with a gain of 0.68%, reaching Rs 290.2, bolstered by declining inventories and increasingly constrained supply conditions in China. LME stocks have experienced a decline exceeding 5% over the past three days, now standing at 40,500 tonnes, which represents an 80% decrease year-to-date. Concurrently, zinc inventories on the Shanghai Futures Exchange Read More
Natural gas experienced an increase of 4.12% yesterday, closing at Rs 308.3. This rise was bolstered by a decline in daily production and technical short-covering, despite projections indicating a potential decrease in demand in the short term. Prices increased even in the face of reduced gas flows to LNG export facilities, adequate storage levels, and Read More
Gold yesterday concluded the trading session with an increase of 0.28% at Rs 117,588, bolstered by anticipations of additional rate cuts from the Federal Reserve and a resurgence in safe-haven demand. Pressure on the U.S. economy has intensified, as the report indicates a decline in private-sector employment for the second consecutive month, marking the largest Read More
Copper yesterday settled lower by 0.64% at Rs 952.55 as the commencement of China’s week-long National Day holiday coincided with the quarter-end, prompting profit-taking following the record highs reached last week. The decline ensued after a rally driven by diminished supply expectations from Indonesia’s Grasberg mine, which concurrently reduced the LME cash-to-three-month discount to $26 Read More
Crude oil yesterday settled lower by -0.73% at Rs 5,569 as traders assessed the implications of increased global supply in conjunction with the possibility of reduced geopolitical tensions. Sentiment shifted to a more cautious stance following reports suggesting that OPEC+ could sanction an additional 137,000 bpd output increase for November during its forthcoming meeting. Additional Read More
The price of silver has ascended beyond $47 per ounce, reaching its apex in a span of fourteen years, as market participants gravitate towards safe-haven assets in response to the current U.S. government shutdown. The cessation of federal operations has engendered a climate of uncertainty, impeding the dissemination of vital economic indicators, such as nonfarm Read More
Aluminium prices increased by 1.02%, closing at Rs 257.8, bolstered by ongoing supply-side uncertainties, even as demand trends remain inconsistent. In North America, consumption declined by 4.4% year-on-year in the first half of 2025, attributed to diminished exports and the impact of tariff pressures. Meanwhile, China’s production growth is constrained by its annual limit of Read More
Natural gas prices increased by 2.51%, closing at Rs 290.2, bolstered by projections indicating heightened demand in the forthcoming fortnight. Nonetheless, the potential for growth was constrained by increasing daily production and sufficient storage capacities. In Canada, producers have begun to significantly reduce output following a supply surplus that has driven Alberta’s AECO hub prices Read More
Gold experienced an increase of 1.26% yesterday, closing at Rs 116,344, buoyed by a depreciating dollar and heightened anticipations of additional rate cuts by the US. The most recent US PCE inflation figures were in line with expectations, bolstering market speculation that the Federal Reserve might persist with its policy easing trajectory in the coming Read More
Copper settled lower yesterday by -0.44% at Rs 939.55, as profit booking emerged following recent gains that were driven by supply disruption concerns after Freeport-McMoRan’s force majeure declaration at the Grasberg mine in Indonesia. Copper inventories in Chinese warehouses decreased by 6.6%, and the Yangshan copper premium remained stable at $53 per ton, indicating a Read More
