Gold prices experienced a notable decline of 2.9%, closing at Rs 148,017, as renewed risk-off sentiment emerged in response to escalating tensions in the Middle East. Recent exchanges of strikes between the United States and Iran have diminished prospects for a diplomatic resolution, heightening concerns regarding elevated energy prices, inflationary pressures, and the potential for Read More
Natural gas prices increased by 0.27% to close at Rs 301.6, bolstered by predictions of warmer-than-anticipated weather throughout the United States in the upcoming fortnight and a steady decrease in production levels. Anticipations of elevated temperatures extending into late June are expected to heighten electricity demand for air conditioning, consequently augmenting natural gas consumption by Read More
Gold and silver prices experienced a significant decline on the Multi Commodity Exchange on Wednesday. This downturn was influenced by renewed tensions in the Middle East, a strengthening dollar, and increasing oil prices, all of which negatively impacted market sentiment following Iran’s retaliation in response to US airstrikes. In the domestic market, silver futures for Read More
Silver prices declined to Rs 2.43 lakh per kg on MCX on Tuesday, as increasing US Treasury yields and heightened expectations of Federal Reserve rate hikes overshadowed the easing geopolitical tensions in the Middle East. Investors exhibited a degree of caution in anticipation of critical US inflation data, while robust economic indicators that surpassed expectations Read More
Copper prices experienced a decline of 2.92%, settling at Rs 1,336.15. This drop reflects a weakening risk sentiment in the industrial metals sector, driven by renewed concerns about inflation and diminishing optimism regarding a potential peace agreement between the US and Iran. The decline was also reflected in physical market indicators, with the Yangshan copper Read More
Natural gas prices experienced a decline of 4.13%, settling at Rs 308.6. This movement was largely influenced by profit booking following recent gains, alongside a slight uptick in production levels. Market participants responded to the evolving supply and demand dynamics, even as the fundamentals continued to provide a supportive backdrop. According to LSEG, the average 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
Gold prices increased by 0.83%, closing at Rs 156,925, influenced by the recent U.S. inflation data and ongoing geopolitical tensions in the Middle East. The U.S. personal consumption expenditures price index increased by 3.8% year-on-year in April, aligning with market expectations and heightening apprehensions that inflation could persist at elevated levels for an extended period. Read More
Zinc prices concluded the trading session with an increase of 0.68%, reaching Rs 369.95. This rise is attributed to the constricting global supply dynamics, which have been influenced by recent interruptions at key zinc processing plants. Market sentiment improved following Nexa Resources’ decision to temporarily halt operations at its Cajamarquilla zinc smelter in Peru, the Read More
Gold prices concluded the trading session down by 0.58% at Rs 158,679, influenced by a robust US dollar and escalating crude oil prices, which heightened inflation apprehensions and bolstered anticipations of a more stringent monetary policy from the Federal Reserve. Market sentiment weakened following remarks from Federal Reserve Governor Christopher Waller, who indicated that the Read More
Natural gas prices increased by 2.38% to close at Rs 284, reflecting a favorable market response to reduced production levels and a storage injection report from the U.S. Energy Information Administration that met expectations. The EIA indicated that utilities added 85 billion cubic feet of gas to storage for the week ending May 8, aligning Read More
Copper concluded the trading session down by 0.96% at Rs 1385.45, as profit-taking occurred following stronger-than-anticipated U.S. inflation figures, which in turn strengthened the dollar and diminished expectations for imminent Federal Reserve rate reductions. Market participants exhibited a degree of caution in anticipation of the forthcoming meeting between US President Donald Trump and Chinese President Read More
Copper prices experienced a notable increase yesterday, closing up by 3.33% at Rs 1369.05. This rise was bolstered by escalating supply concerns after Freeport disclosed a delay in the complete restoration of its Grasberg mine operations in Indonesia. Additional support emerged from inflation data out of China that exceeded expectations, with consumer prices increasing by Read More
Crude oil yesterday settled sharply higher by 3.9% at Rs 9,376, driven by escalating geopolitical tensions in the Middle East that heightened concerns regarding potential disruptions to global supply. Market sentiment shifted to a bullish stance following US President Donald Trump’s characterization of Iran’s reaction to a US-supported peace proposal as “unacceptable,” thereby diminishing expectations Read More
Copper yesterday settled lower by 0.3% at Rs 1,304.25 as profit booking emerged following recent gains attributed to easing geopolitical tensions, a weaker U.S. dollar, and improving demand indicators from China. Market sentiment continued to be bolstered following indications from U.S. President Donald Trump regarding the potential for a swift resolution to the U.S.-Iran conflict, Read More
Aluminium prices increased by 0.41% to close at Rs 375.7, bolstered by rising supply concerns associated with ongoing disruptions in the Strait of Hormuz. The extended geopolitical conflict has markedly affected production in the Middle East, with reports indicating damage to essential refineries in the UAE and Bahrain, thereby heightening concerns over a prolonged supply Read More
Natural gas prices increased by 2.39% to close at Rs 261.5, bolstered by decreasing production levels, enhanced short-term demand forecasts, and robust liquefied natural gas export activity. Production in the United States. In April, production in the Lower 48 states has declined, reaching an 11-week low as subdued spot prices have led producers to reduce Read More
Gold prices declined by 0.64%, closing at Rs 151,721, as market participants exercised caution in anticipation of significant global central bank meetings. Ongoing robustness in crude oil prices has heightened apprehensions that inflationary dynamics may compel a more aggressive approach from policymakers, thereby constraining potential gains in bullion. Market participants are meticulously observing policy signals 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
Crude oil prices experienced a notable increase of 3.39%, concluding at Rs 8,723, influenced by rising geopolitical tensions and new supply disruptions. Incidents of gunfire targeting several vessels in the Strait of Hormuz, coupled with the impasse in U.S.–Iran negotiations, have intensified apprehensions regarding the security of a crucial global oil transit corridor. Iran’s position Read More
