Aluminium concluded the trading session with a 0.3% increase, reaching Rs 347.15. This uptick was bolstered by constrained physical supply conditions and interruptions in regional production, influenced by the ongoing US-Iran conflict. In July, aluminium production in the GCC experienced a significant decline of 44% compared to the same month last year. Concurrently, LME inventories Read More
Aluminium prices concluded at Rs 353.15, reflecting a 0.28% increase, bolstered by constrained physical availability and diminishing inventories on the Shanghai Futures Exchange. However, the supply outlook may enhance as numerous smelters recommence curtailed capacity and embark on expansion initiatives. The US-Iran conflict has significantly impacted aluminium supplies originating from the Gulf region, evidenced by Read More
Gold and silver prices commenced the trading session on the Multi Commodity Exchange on Monday with a decline, interrupting a two-day upward trend. This shift comes as investors assess the latest tensions between Iran and the US, ongoing developments in the Middle East, and the possible repercussions for inflation and interest rates. In the domestic Read More
Crude oil settled marginally higher by 0.25% at Rs 7,984, as uncertainty surrounding US-Iran diplomatic talks continued to bolster prices. However, the shift in US policy toward economic pressure, rather than military action, has led to a reduction in the geopolitical risk premium. Negotiations between the US and Iran exhibit no immediate prospects for renewal, Read More
Gold and silver prices commenced the trading session on the Multi Commodity Exchange with a notable decline on Monday, marking the fourth consecutive session of losses. This downturn follows remarks from U.S. Federal Reserve Chair Kevin Warsh, which have heightened expectations regarding a potential increase in interest rates. In the domestic market, silver futures for Read More
Zinc settled sharply higher by 3.05% at Rs 424.7, bolstered by tightening supplies outside China, a decrease in LME inventories, and apprehensions regarding possible production disruptions in China. LME zinc stocks have decreased by 25% since mid-June, now totalling 93,250 tonnes. Concurrently, the premium of LME cash zinc over three-month zinc has risen to $132 Read More
Zinc settled 0.31% higher at Rs 400.85, bolstered by tightening supply, production disruptions, and declining LME inventories. However, elevated prices continued to restrain demand in the leading consumer, China. Heavy rainfall and flooding in various regions of China pose a risk to mining and smelting activities. Production modifications at a mine in Southwest China are Read More
Gold prices declined on the MCX while continuing to rise in international markets on Tuesday, as anticipations of a US Federal Reserve rate increase diminished. Investors are currently anticipating the release of minutes from the central bank’s most recent meeting, seeking new insights into the trajectory of monetary policy. Gold futures for October delivery on Read More
Gold and silver prices commenced the day on a positive note on the MCX this Wednesday, as investors look forward to the upcoming US inflation data for insights into the trajectory of the Federal Reserve’s monetary policy. Ongoing tensions in the Middle East have maintained a spotlight on concerns regarding inflation driven by oil. In Read More
Zinc prices settled 0.69% higher at Rs 394.85, buoyed by a more favourable market sentiment stemming from the alleviation of geopolitical tensions between the United States and Iran, alongside persistent worries regarding tight near-term supply. Risk appetite strengthened following renewed diplomatic efforts that alleviated concerns regarding the potential for further conflict in the Middle East. Read More
Crude oil prices experienced a significant rebound, closing 3.77% higher at Rs 7,377 due to value buying as markets reevaluated the geopolitical situation in the Strait of Hormuz. Iran has declared a temporary shipping agreement with Oman; however, officials have specified that this does not signify a complete reopening of the strategic waterway. Concurrently, optimism Read More
Gold and silver prices commenced the day on a positive note on the MCX on Friday, buoyed by a decline in oil prices over the week. Investors are keenly anticipating the U.S. nonfarm payrolls report for new insights regarding the trajectory of the Federal Reserve’s interest rate policy. In the domestic market, silver futures for Read More
Aluminium prices edged higher by 0.29% to settle at Rs 341.35, supported by ongoing supply concerns and historically low inventories in London Metal Exchange warehouses. LME aluminium stocks declined further to 267,800 tonnes, the lowest level recorded this century, reinforcing concerns over near-term metal availability. Additional support came after Alcoa reduced its 2026 alumina production Read More
Crude oil prices increased by 0.95%, closing at Rs 8,113, as renewed geopolitical tensions in the Middle East intensified worries regarding global supply security. Market sentiment improved following reports that Iran’s Revolutionary Guards halted two tankers from passing through the Strait of Hormuz, leading several other vessels to change their routes. This development prompted traders Read More
Copper prices settled 0.12% lower at Rs 1,322.8 as investors exhibited caution in anticipation of the US Federal Reserve’s policy decision. Additionally, indications of alleviating supply tightness in China contributed to the prevailing market sentiment. The Yangshan copper premium held firm at $112 per tonne, a slight decrease from the previous week’s $115, which marked Read More
Natural Gas prices concluded the session with a 0.69% increase, reaching Rs 262.8. This uptick can be attributed to short covering following recent declines, even as the market continues to face challenges from record production levels in the US, reduced LNG export flows, and ample storage capacity. Financial firm LSEG reported that average dry gas Read More
Zinc prices declined 0.78% to settle at Rs 376.75, influenced by a stronger U.S. dollar and rising expectations of a Federal Reserve interest rate hike, which may dampen demand for industrial metals. Investor sentiment exhibited a degree of caution in anticipation of the Fed’s policy decision, although losses were somewhat mitigated by the tightening of Read More
Aluminium experienced a decline of 0.45%, settling at Rs 341.9, as the easing of geopolitical tensions in the Middle East alleviated concerns regarding potential supply disruptions following the cessation of hostilities between the United States and Iran. The prospect of shipping resuming through the Strait of Hormuz exerted downward pressure on prices, while the restart Read More
Natural gas declined 4.62% to settle at Rs 264.5, reflecting the overall downturn in global energy markets following a reduction in geopolitical tensions in the Middle East. Prices experienced downward pressure following Iran’s announcement of a cessation of retaliatory attacks in light of the suspension of US military strikes, which alleviated concerns regarding potential disruptions Read More
Gold and silver prices experienced a decline of up to 1% in early trading on the MCX on Tuesday, 28 July, reflecting the influence of subdued global indicators. Precious metals experienced profit-taking as the dollar index remained around 101.5 in anticipation of the US Federal Reserve’s monetary policy decision on 29 July. MCX gold August Read More
