Zinc prices settled lower by 0.42% at Rs 371.75, influenced by concerns regarding a prolonged higher interest rate environment in the United States and the improving prospects for a diplomatic resolution between Washington and Tehran, which negatively impacted sentiment across the base metals complex. Stronger-than-expected U.S. economic data, particularly higher job openings and robust private Read More
Aluminium prices experienced a decline of 0.44%, settling at Rs 393, as traders engaged in profit-taking after recent gains. Nonetheless, persistent supply concerns continued to underpin support for the market. Global aluminium sentiment continued to be bolstered by a reduction in physical availability, as LME aluminium inventories decreased to 335,450 tonnes, marking their lowest point Read More
Natural gas prices increased by 2.48% to close at Rs 309.9, bolstered by reduced domestic production levels, anticipations of heightened cooling demand, and short-covering activity in the futures market. Production in the Lower 48 states averaged 108.8 billion cubic feet per day in June, a decrease from 109.7 bcfd in May, which offers fundamental support Read More
Copper prices increased by 1.26% to close at Rs 1,365.8, bolstered by apprehensions regarding constricting global supply conditions and revised price projections from leading investment banks. Market sentiment showed signs of improvement following Goldman Sachs’ upward revision of its end-2026 copper price forecast to $13,735 per metric tonne. This adjustment was attributed to a decline Read More
Crude oil prices surged by 5.49% to settle at Rs 8,736, marking a robust recovery primarily influenced by rising geopolitical tensions in the Middle East. Market sentiment shifted markedly towards optimism following reports that Iran halted communications and message exchanges with the United States as a reaction to Israel’s escalating military actions in Lebanon. The Read More
Silver prices in India remained relatively stable on Tuesday, as investors weighed the reduction in geopolitical tensions in the Middle East against persistent worries regarding inflation and interest rates, particularly in anticipation of significant economic data and insights from U.S. Federal Reserve officials. MCX silver price exhibited a lacklustre performance, declining by 0.17% to Rs Read More
Zinc prices experienced a decline of 0.68%, settling at Rs 365.05, as investor sentiment remained cautious in anticipation of further developments concerning a potential extension of the Iran ceasefire agreement. A firmer U.S. dollar exerted downward pressure on sentiment, rendering base metals less appealing to international purchasers. Additional pressure arose from a 0.7% rise in Read More
Natural Gas prices continued their upward trajectory, closing 0.67% higher at Rs 316, buoyed by predictions of warmer weather throughout the United States and anticipated increases in cooling demand in the weeks ahead. Rising temperatures are anticipated to elevate electricity consumption for air conditioning, consequently enhancing natural gas demand from power generators. With approximately 40% Read More
Aluminium prices increased by 0.98% to close at Rs 387.5, driven by ongoing worries regarding constricted global supplies and robust indicators of industrial demand emerging from China. Market sentiment continued to be bolstered by concerns regarding diminished aluminium production from Gulf producers, stemming from persistent geopolitical tensions associated with the Iran conflict. The Gulf region, Read More
Crude oil prices experienced a decrease of 0.73%, concluding at Rs 8,537, as reports emerged indicating that the United States and Iran have reached a preliminary agreement to prolong their ceasefire and initiate discussions regarding Iran’s nuclear program. Reports indicate that the proposed 60-day memorandum of understanding encompasses assurances for unrestricted shipping through the Strait Read More
Zinc prices decreased by 0.88% to close at Rs 367.5, reflecting apprehensions regarding the global economic outlook in light of persistent geopolitical tensions in the Middle East. Ongoing U.S. military activities in southern Iran, coupled with ambiguity regarding peace talks, have heightened market apprehension concerning inflationary pressures and their possible effects on industrial demand. However, Read More
Crude oil prices experienced a notable increase of 4.5%, concluding at Rs 9,014. This rise is attributed to heightened geopolitical tensions stemming from U.S. military actions in Iran, which have amplified worries regarding possible interruptions to global oil supply routes via the Strait of Hormuz. Market sentiment exhibited significant volatility as optimism for a swift Read More
Copper prices settled higher by 0.35% at Rs 1,367.45, buoyed by a resurgence in investor sentiment following indications that the United States and Iran were progressing toward a potential agreement that might facilitate the reopening of the Strait of Hormuz. Easing concerns over inflation and aggressive interest rate hikes have also bolstered industrial metals. However, Read More
Natural gas prices experienced a notable decline of 4.52%, closing at Rs 277, driven by forecasts indicating milder weather conditions and anticipated weaker demand in the near term. Market sentiment continued to face challenges following revised weather forecasts that suggested cooler temperatures for the upcoming week, which in turn diminished the anticipated cooling demand from Read More
On Tuesday, silver prices experienced a significant decline, influenced by a robust U.S. dollar and rising geopolitical tensions in the Middle East, which negatively impacted investor sentiment. Recent U.S. military strikes in Iran have led to an increase in crude oil prices, heightening worries regarding inflation and the potential for sustained elevated interest rates. On Read More
Crude oil prices experienced a decline of 1.86%, closing at Rs 9,168, as renewed optimism regarding diplomatic negotiations between the United States and Iran alleviated immediate concerns over supply disruptions. Market sentiment improved following remarks from US Secretary of State Marco Rubio, who indicated that there had been slight progress in mediated talks with Iran. Read More
Zinc prices concluded the trading session down by 0.8% at Rs 367.45, influenced by profit-taking activities. This decline occurred against a backdrop of renewed uncertainty regarding the Iran conflict, which has led to an uptick in crude oil prices and reignited inflation concerns across global markets. Investors exhibited a degree of caution concerning the overarching Read More
Natural gas prices concluded the trading session with a slight decline of 0.45% at Rs 290.1, influenced by greater-than-anticipated storage injections and predictions of more temperate weather patterns throughout the United States. Market sentiment deteriorated following the report from the U.S. Energy Information Administration, which indicated a storage build of 101 billion cubic feet. This Read More
Gold prices concluded the session with a slight decline of 0.25%, settling at Rs 159,606. This movement can be attributed to profit-taking and a prevailing cautious sentiment, despite ongoing geopolitical tensions that continue to offer a degree of support. Market sentiment exhibited sensitivity as hopes for a US-Iran peace agreement diminished, following reports indicating that Read More
Aluminium prices concluded the trading session with an increase of 0.43%, reaching Rs 386.05. This rise is attributed to ongoing supply disruptions originating from the Middle East, a region that represents nearly 9% of the global smelting capacity. Ongoing geopolitical tensions in the region have continued to restrict output, with Gulf primary aluminium production declining Read More
