Copper prices experienced a decline, closing 0.36% lower at Rs 1308.5, influenced by a robust U.S. dollar and diminishing worries regarding the prompt enforcement of U.S. tariffs on essential minerals. U.S. President Donald Trump indicated a temporary halt on tariffs concerning rare earths, lithium, and other essential minerals, which affected market sentiment, despite copper’s continued Read More
Crude oil prices experienced a notable decline, closing 3.9% lower at Rs 5,366, as the geopolitical risk premium diminished and supply-side issues reemerged. Sentiment diminished following U.S. President Donald Trump’s apparent retreat from previous threats of possible military action against Iran, alleviating concerns over immediate disruptions. In a further indication of a bearish sentiment, Venezuela Read More
Copper prices experienced a notable recovery, closing up by 2.65% at Rs 1,315.2, bolstered by a depreciating U.S. dollar and a more optimistic outlook on demand following China’s indication of new initiatives to enhance domestic consumption. China’s cabinet deliberated on a suite of fiscal and financial measures designed to bolster household expenditure and investment, thereby Read More
Aluminium prices experienced a notable increase, closing up by 2.77% at Rs 317.4, as investors recalibrated their expectations regarding supply constraints in light of robust global demand. Sentiment was bolstered by a strengthening confidence in China’s macroeconomic outlook, following the central bank’s reaffirmation of its dedication to an accommodative policy stance. This includes anticipated reserve Read More
Natural gas prices experienced a significant increase, closing up by 4.93% at Rs 321.4, bolstered by a confluence of reduced output and enhanced expectations for demand driven by favorable weather conditions. Production in the Lower 48 states has moderated to an average of 109.0 bcfd thus far in January, a decrease from the record 109.7 Read More
Gold futures exhibited resilience in the prior session, closing with a gain of 0.7% at Rs 139,083 as investors gravitated towards safe-haven assets in response to escalating geopolitical tensions in Venezuela, triggered by the US military operation and the capture of President Nicolas Maduro. The prevailing uncertainty bolstered demand for bullion, underscoring gold’s function as Read More
Natural gas prices concluded the trading session with a notable decline, decreasing by 5.29% to settle at Rs 315.2, as apprehensions regarding weather-related demand significantly impacted market sentiment. Expectations for heating demand have been notably diminished due to forecasts indicating warmer-than-normal temperatures across the US through January 20. Heating Degree Days are anticipated to stay Read More
The price of silver has undergone a considerable gain of about 4 percent, and it is getting closer and closer to the mark of $76 per ounce. As a result of the recent steps taken by the United States in Venezuela, geopolitical risks have increased, which has led to an increase in the demand for Read More
Copper prices maintained their robust upward trajectory, closing 0.54% higher at Rs 1,292.5, driven by supply-side disruptions and anticipations of persistently increasing demand stemming from the AI boom and the global energy transition, which bolstered market sentiment. The tightening of physical availability is evident in the Yangshan copper premium, which is concluding the year close Read More
Natural gas prices experienced a significant decline of 2.31%, concluding at Rs 329.5. This downturn was largely influenced by forecasts of warmer weather for the initial half of January, which diminished expectations for near-term heating demand. Although meteorologists continue to forecast colder conditions extending through mid-January, with Heating Degree Days surpassing seasonal averages, the short-term Read More
Zinc prices experienced a slight decline, closing down by 0.44% at Rs 307.65, as profit-taking occurred following a recent surge fueled by speculative purchasing amid worries about tightening supply. The correction occurred notwithstanding new signs of supply-side limitations in China, where a central zinc mine is poised for routine maintenance, leading to a decrease in Read More
Copper prices experienced a significant correction, closing down by 3.55% at Rs 1,232.6, as traders took the opportunity to realize profits following recent record highs. The decline occurred notwithstanding a generally favorable macroeconomic and structural environment. The US economy experienced its most rapid growth in two years in the third quarter, propelled by robust consumer Read More
Zinc prices continued their upward trajectory, closing with an increase of 2.59% at Rs 312.95. This rise was bolstered by limited year-end trading activity, speculative purchasing, and a depreciating US dollar, all amidst apprehensions regarding tightening supply conditions. Planned maintenance shutdowns at zinc mines in Central and Southwest China are anticipated to provide additional support Read More
