Crude oil prices experienced a significant correction, declining by 7.37% to close at Rs 8,571, as the alleviation of geopolitical tensions exerted downward pressure on the market. Reports indicating that the U.S. and Iran are amenable to additional discussions regarding a more extended ceasefire have contributed to a reduction in the risk premium, despite prior 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
Natural gas prices experienced a significant decline of 3.24%, closing at Rs 265.4, influenced by a reduction in geopolitical tensions that affected market sentiment. Donald Trump indicated that the United States might withdraw from the Iran conflict in the coming weeks, leading to heightened anticipation that disturbances in the Strait of Hormuz could progressively diminish. Read More
