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
Aluminium prices experienced a decline of 0.5%, closing at Rs 366.9, primarily attributed to profit-taking following the recent significant rally spurred by geopolitical tensions in the Middle East. The U.S. decision to implement a maritime blockade on Iran sparked initial apprehensions regarding potential supply disruptions; however, the market exhibited a degree of stabilization as traders Read More
Crude oil experienced a modest increase of 0.81%, closing at Rs 8,933, as renewed Israeli strikes on Lebanon raised new concerns regarding the tenuous ceasefire in the Middle East. Market sentiment continued to exhibit tension, as the Strait of Hormuz remains predominantly restricted, accompanied by reports indicating disruptions in tanker traffic. Given that the strait Read More
Silver is currently trading at a price that is higher than $75 per ounce, maintaining the rising trend that it has been experiencing over the past week. The dollar’s depreciation and the falling price of oil have both contributed to the improvements. As a result of the recent ceasefire between the United States and Iran, Read More
Aluminium prices experienced a modest decline of 0.25%, concluding at Rs 354.85, influenced by increasing inventories in China that dampened market sentiment. Stocks in Shanghai Futures Exchange warehouses have been on a consistent upward trajectory, approaching levels not seen in nearly six years. This trend indicates a decline in demand and a more measured approach Read More
Copper prices experienced a decline of 0.17%, concluding at Rs 1,159.55, reflecting a cautious market sentiment influenced by persistent geopolitical tensions and macroeconomic uncertainty. Market participants are attentively monitoring the situation following U.S. President Donald Trump’s ultimatum regarding Iran, as the absence of a definitive timeline for resolution has heightened apprehensions about global economic growth. Read More
Crude oil prices experienced an increase of 0.77%, concluding at Rs 10,669. This rise was bolstered by intensifying geopolitical tensions, particularly as U.S. President Donald Trump established a deadline for Iran to reopen the Strait of Hormuz, warning of possible military actions should they fail to comply. Supply concerns have escalated as interruptions in Middle Read More
There has been a rise of more than 4% in the price of silver, which has now surpassed $76 per ounce. As tensions in the Middle East begin to show indications of easing, the situation reaches its highest point in three weeks. The recent ceasefire between the United States and Iran, which lasted about two Read More
Zinc increased by 0.39% to close at Rs 324.45, buoyed by a resurgence in industrial activity in China and indications of temporary supply constraints. China’s manufacturing PMI increased to 50.4 in March, indicating a return to expansion and enhancing demand sentiment for base metals. Simultaneously, inventories at the Shanghai Futures Exchange experienced a 1% decrease Read More
Gold increased by 0.2% to close at Rs 149,981, buoyed by a weaker dollar and a sense of cautious optimism regarding a possible ceasefire in the ongoing U.S.-Israel–Iran conflict. Nonetheless, uncertainty continues to be high following recent alerts from U.S. President Donald Trump concerning the Strait of Hormuz, an essential oil transportation corridor. Concerns regarding Read More
Aluminium prices experienced an upward movement, increasing by 1.44% to close at Rs 355.65, driven by heightened supply concerns in the wake of Iranian strikes on significant producers in the Middle East. Damage to facilities operated by Emirates Global Aluminium and Aluminium Bahrain has led to disruptions in output, while partial shutdowns have exacerbated supply Read More
Crude oil prices declined by 3.28% to Rs 9,253, as sentiment was influenced by optimism regarding a potential de-escalation in the Middle East. Donald Trump indicated that U.S. forces might exit Iran in a matter of weeks, fostering optimism that the conflict could be resolved swiftly. Nevertheless, the circumstances continue to be ambiguous, as ongoing Read More
The price of silver is continuing to fall, and it is getting closer and closer to $72 per ounce, which contributes to the continuation of its recent negative trend. Since the beginning of the conflict in Iran, there has been a fall in prices that is greater than twenty percent. The United States of America Read More
Aluminium prices experienced a minor decline, decreasing by 0.04% to close at Rs 350.6, as profit-taking occurred following the recent surge attributed to supply apprehensions. The market previously experienced a surge due to concerns over potential disruptions stemming from Iranian airstrikes on significant Middle Eastern producers, thereby heightening the risk of an extended supply shock. Read More
Crude oil prices declined by 2.43%, closing at Rs 9,567, as increasing optimism regarding a possible de-escalation in the Middle East impacted market sentiment. Reports indicate that Donald Trump might contemplate terminating U.S. military operations, even in the event that the Strait of Hormuz remains obstructed, with the intention of circumventing an extended conflict. Simultaneously, Read More
As a result of a gain of more than seven percent during the most recent trading session, the price of silver remained unchanged at roughly seventy-five dollars per ounce. As tensions in the Middle East began to lessen, prices started to rise to their highest point in two weeks. The metal market went through a Read More
On Friday, gold and silver prices in India saw an increase, mirroring the rise in global bullion prices, alongside a weakening dollar. MCX gold rate for June futures contracts commenced at Rs 1,44,000 per 10 grams, reflecting an increase of Rs 1,486, or 1.04%, compared to the prior closing figure of Rs 1,42,514. MCX silver Read More
