Copper prices declined by 0.13% to close at Rs 1,275.3, influenced by signs of an increasing global surplus and prevailing macroeconomic challenges. The appreciation of the dollar, apprehensions regarding global economic expansion, and ongoing geopolitical instability in the Middle East have negatively impacted sentiment, especially in light of weaker demand indicators from China. Data from Read More
Natural gas prices experienced a decline of 2.1%, settling at Rs 252.1. This decrease is attributed to expectations of mild weather conditions, which are facilitating higher-than-normal storage injections. Softer seasonal demand has impacted sentiment, with projections suggesting that inventory levels may increase to approximately 8% above normal in the short term. Furthermore, anticipated demand in Read More
Gold prices experienced a decline of 0.65%, settling at Rs 149,050. This movement is indicative of the ongoing pressures stemming from persistent inflation concerns and the anticipation of sustained higher interest rates. Rising geopolitical tensions in the Middle East, especially regarding U.S.–Iran developments, contributed to uncertainty; however, they did not bolster bullion, as expectations of Read More
Zinc prices experienced a decline of -1.3%, concluding at Rs 341.8, influenced by reports that Swedish miner Boliden intends to recommence production at its Garpenberg mine in the second quarter, thereby alleviating certain supply apprehensions. Nonetheless, losses were contained as short-term supply constraints persist, supporting the market due to limited availability of raw materials. Fundamentally, Read More
Crude oil prices experienced a notable increase of 4.16%, concluding at Rs 9,485, a movement attributed to enduring geopolitical tensions and supply disruptions associated with the ongoing conflict in Iran. The ongoing closure of the Strait of Hormuz, an essential conduit for global oil transportation, has markedly restricted exports from the Middle East, thereby intensifying Read More
Silver was observed trading close to $73 following a decline of more than 3%. The closure of the Strait of Hormuz has resulted in a disruption of 20% of global oil flows. Concerns regarding inflation escalated due to the most significant supply shock. Elevated rate expectations exerted pressure on non-yielding metals. Anticipation surrounds pivotal central Read More
Copper prices rose by 0.07% to settle at Rs 1293.35, supported by constricting near-term supply dynamics as global smelters engage in a focused maintenance period during the second quarter. The seasonal disruption, coupled with declining inventories in essential exchanges, has provided fundamental backing to prices. Moreover, the restocking initiatives in China ahead of the Labor Read More
Zinc prices experienced a modest decline, closing down by 0.39% at Rs 348.1, influenced by uncertainty surrounding the Iran ceasefire and prevailing geopolitical tensions that affected market sentiment. Despite the decline, the underlying fundamentals continue to provide a degree of support, mitigating the risk of a significant downturn. Tightening conditions on the supply front continue Read More
Natural gas prices experienced significant downward pressure, closing 4.15% lower at Rs 244.8, as the market responded to substantial storage builds and anticipations of ongoing strong injections in the weeks ahead. The prevailing bearish sentiment was primarily influenced by abundant supply conditions, characterized by a significant increase in inventories. The most recent figures indicated a Read More
Gold prices experienced a decline of 0.59%, settling at Rs 1,51,761. This downturn can be attributed to the strengthening of the U.S. dollar and increasing crude oil prices, both of which have intensified inflationary concerns and diminished the attractiveness of the metal. Market sentiment exhibited a cautious demeanor as U.S.-Iran negotiations faced stagnation, with ongoing Read More
Zinc prices increased by 1.75%, concluding at Rs 349.45, buoyed by a more favorable outlook regarding U.S.-Iran ceasefire developments following the declaration of an indefinite extension. This alleviated short-term geopolitical anxieties while maintaining a risk premium. Further backing was provided by the constriction of supply dynamics, as LME inventories fell to a one-month low, and Read More
Copper prices experienced a modest decline of 0.34%, concluding at Rs 1,265.05, as market participants exercised caution in anticipation of possible U.S.–Iran peace negotiations and critical indications from the Federal Reserve regarding interest rate adjustments. The Yangshan premium, indicative of China’s import demand, held steady at $69 per ton, suggesting persistent support even as it Read More
Aluminium increased by 0.43% to close at Rs 365, bolstered by fresh worries regarding supply interruptions from the Persian Gulf, a region responsible for nearly 9% of global production. Tensions have intensified following Iran’s recent closure of the Strait of Hormuz, which occurred shortly after it had been reopened, with the country attributing this move Read More
The price of silver has found a level of stability near $80 after experiencing recent downward trends. Focus on the next stage of discussions between the United States and Iran. The closure of the Strait of Hormuz is anticipated to persist until a consensus is achieved. The recent energy shock has intensified worries about inflationary Read More
Zinc prices experienced a modest decline of 0.34%, closing at Rs 339.1, primarily attributed to profit-taking following recent increases. Nonetheless, the downside was constrained, as the positive sentiment surrounding the Strait of Hormuz—remaining accessible throughout the ceasefire—contributed to alleviating supply worries and bolstered industrial activity. The resurgence of China’s factory sector into expansion has positively Read More
Natural gas prices experienced a modest increase, rising by 1.46% to close at Rs 250.2, primarily driven by a recent decline in production and robust demand for LNG exports. Flows to U.S. LNG terminals persisted at levels close to record highs through April, providing a consistent underpinning for prices. Nonetheless, the potential for growth remained Read More
Gold prices exhibited an increase, concluding the session up by 0.95% at Rs 154,609, buoyed by a reduction in geopolitical tensions following Iran’s reopening of the Strait of Hormuz. The development prompted a significant correction in crude oil prices, resulting in a decline exceeding 10%. This adjustment contributed to alleviating immediate inflation worries and enhancing Read More
The price of MCX Crude oil maintained its downward trend today, moving below the significant support line of Rs 8,500 for the second time in a row. Prices are having difficulty maintaining positions that are higher than the short-term moving averages, which is an indication that there is a lack of momentum in the market. Read More
The price of silver has continued its upward trajectory for the week, and it is currently within a few cents of 79 dollars per ounce. At this point, prices are on the verge of achieving their fourth straight weekly gain. The recent optimism that has surrounded a ceasefire in Iran has helped to calm fears Read More
Copper prices increased by 0.31% to close at Rs 1,273, primarily driven by apprehensions regarding potential supply disruptions. Shortages of sulphur—an essential input in metal processing—stemming from tensions in the Middle East, have contributed to the prevailing bullish sentiment. Sentiment showed an uptick amid expectations of renewed discussions between the U.S. and Iran, as Donald Read More
