Aluminium concluded the trading session down by 1.81% at Rs 349.3, influenced by anticipations of a quicker production rebound at Emirates Global Aluminium and Alba, which dampened market sentiment. However, ongoing physical supply constraints and decreasing inventories served to mitigate the extent of the decline. EGA reported that its Al Taweelah smelter is currently functioning Read More
Natural gas settled 0.3% higher at Rs 270.5, buoyed by rising oil prices and anticipated stronger demand in the forthcoming fortnight. However, the increase was tempered by near-record production levels in the US and a storage injection that exceeded expectations. As of August 28, US petrol inventories stood 5.2% above the five-year seasonal average. Meanwhile, Read More
Zinc settled 1.04% higher at Rs 429.05, while LME zinc prices surpassed $4,000 per tonne for the first time since 2022, reflecting considerable supply pressures in the market. Production disruptions at several mines, including those in China, coupled with restricted Iranian ore shipments due to heightened tensions in the Middle East, have raised concerns regarding Read More
Crude oil concluded the trading session with a 4.18% increase, reaching Rs 9,099, as rising tensions in the Middle East heightened apprehensions regarding potential disruptions in energy supply, inflationary pressures, and the overall stability of the global economy. The US military reported the destruction of five Iranian crude tankers following attempted strikes on a US Read More
Gold and silver prices commenced trading on the Multi-Commodity Exchange with a downward trajectory on Wednesday, despite the dollar maintaining a weak position. Concurrently, escalating tensions between the U.S. and Iran, along with forthcoming inflation data, have directed market attention toward the implications for interest rates. In the domestic market, silver futures for September 2026 Read More
Natural gas settled 0.25% higher at Rs 281.2, driven by unseasonably warm weather in parts of the Midwest and eastern United States, which increased cooling demand. This prompted power generators to utilise more gas to satisfy heightened air-conditioning needs. However, the market maintained equilibrium due to increasing production and anticipations of subdued demand in the Read More
Copper settled lower by 0.27% at Rs 1,378.55 as a stronger US dollar, bolstered by better-than-expected employment data, heightened expectations of tighter monetary policy, and concerns over demand exerted downward pressure on prices. US nonfarm payrolls increased by 162,000 in August, following a revised rise of 23,000 in July, markedly surpassing projections of a 56,000 Read More
Copper settled marginally lower by 0.22% at Rs 1,391.35 as profit booking emerged following Federal Reserve Chair Kevin Warsh’s more hawkish tone, which bolstered expectations of a potential rate hike next month and exerted pressure on risk-sensitive industrial metals. However, the downside remained constrained as the tightening of exchange inventories heightened concerns regarding the near-term Read More
Gold and silver prices commenced the trading session on the Multi Commodity Exchange with a notable decline on Monday, marking the fourth consecutive session of losses. This downturn follows remarks from U.S. Federal Reserve Chair Kevin Warsh, which have heightened expectations regarding a potential increase in interest rates. In the domestic market, silver futures for Read More
Copper settled marginally lower by 0.03% at Rs 1,371.7, as increasing LME inventories alleviated supply concerns, counterbalancing the support derived from a significant decline in the dollar. LME copper stocks rose by an additional 12,425 tonnes, reaching a total of 235,975 tonnes. This marks an 11% increase from the previous week; however, it remains 40% Read More
Natural gas concluded the trading session with a decline of 3.58%, settling at Rs 261.1. This drop can be attributed to record production levels in the US, which prompted profit-taking following a rise that brought prices to a nearly four-week peak in the preceding session. The latest data from the Energy Information Administration indicated that Read More
Gold and silver prices commenced the day on an upward trajectory for the third consecutive session on the MCX on Friday, buoyed by a depreciating dollar and the U.S. Treasury Department’s initiatives to maintain control over longer-term yields. The U.S. dollar was on track for a weekly decline, which rendered dollar-priced commodities more accessible for Read More
Zinc settled 0.56% higher at Rs 395.55, bolstered by constrained mine supply, diminishing overseas inventories, and robust LME calendar spreads, which persistently indicate short-term market tightness. LME zinc inventories decreased to 95,000 tonnes, with cancelled warrants holding steady at a quarterly high, while on-warrant stocks dipped below critical thresholds, heightening the risk of a possible Read More
Aluminium prices fell by 1.6%, closing at Rs 338.45, influenced by enhanced supply outlooks following the resumption of operations at Emirates Global Aluminium’s Al Taweelah alumina refinery after a three-and-a-half-month shutdown. The company anticipates that production will achieve 50% of capacity within a matter of days and expects to restore full operational capability by year-end, Read More
Silver prices commenced the trading session on the MCX with a notable decline on Monday, marking a continuation of losses for a second consecutive session. This downturn is attributed to heightened apprehensions regarding the potential closure of the Strait of Hormuz, which has led to a significant increase in oil prices. Such developments have intensified Read More
Zinc prices advanced 1.93% to settle at Rs 375.9, bolstered by constricting near-term supply conditions and a resurgence in manufacturing activity across major economies. A more robust manufacturing outlook from China, Europe, and the United States has enhanced sentiment for industrial metals. Concurrently, supply disruptions at critical mining and smelting operations have sustained prices, even Read More
Gold prices experienced a notable rebound, closing 1.11% higher at Rs 145,300, bolstered by a slightly weaker U.S. dollar that stimulated buying interest. However, investor sentiment remained cautious due to ongoing geopolitical tensions in the Middle East and the prevailing uncertainty regarding the Federal Reserve’s policy direction. The recovery also reflected short covering after recent Read More
Copper prices concluded the session with a 0.40% increase, reaching Rs 1,266.65. This uptick was bolstered by a reduction in exchange inventories and a more favourable medium-term supply outlook, although the extent of the gains was limited by a reduction in geopolitical tensions. LME copper stocks declined to 339,100 metric tonnes, marking their lowest level Read More
Zinc prices experienced a decline of 1.13%, settling at Rs 366.5, influenced by the strengthening of the U.S. dollar following the postponement of peace talks between the United States and Iran. The dollar climbed to a one-year high as uncertainty surrounding Middle East tensions increased following Switzerland’s confirmation that negotiations between U.S. and Iranian officials Read More
Aluminium prices experienced a decrease of 0.49%, concluding at Rs 356.9, as the alleviation of geopolitical tensions diminished worries regarding potential supply disruptions from the Middle East. Market sentiment deteriorated following the signing of an interim peace agreement between the United States and Iran, which seeks to conclude hostilities and facilitate the reopening of the Read More
