Zinc prices fell 0.84% to 258.6. This was due to the resurgence of tensions over US tariffs in a difficult global economic situation. The US President has decided to impose new import tariffs of 25% to 40% on 14 countries from August 1. He has also warned of imposing an additional 10% tax on BRICS…
Cottoncandy prices rebounded by 1.82% to 55,950, driven by short covering after recent declines. The Cotton Association of India (CAI) raised India’s 2024-25 production forecast to 291.35 lakh bales, citing better output in Odisha. However, CAI lowered its cotton consumption estimate and export forecast, signaling weaker domestic and overseas demand. India’s cotton exports are expected…
Zinc settled higher by 1.16% at 260.8, driven by a softer dollar and supply tightness overseas. However, concerns about global demand growth and new U.S. tariffs have stoked uncertainty across metals markets. The Biden administration’s tariff notices, targeting 14 countries with rates ranging from 25% to 40%, effective August 1, have stoked uncertainty. U.S. President’s…
Gold rose 0.24% to close at ₹96,691. The US Federal Reserve’s (Fed) June meeting action notes gave a nod to a rate cut. The bank’s dovish approach, given the tax-related inflation and economic data, confirms the central bank’s stance. As for the central bank’s stance, China’s gold reserves rose slightly in June to 73.90 million…
In the first 6 months of 2025, silver prices rose 25%, matching gold’s 26% rise. Many investors invested in silver through Exchange-Traded Products (ETPs). By mid-2025, 95 million ounces of silver had been added to ETPs – more than the entire 2024 total. 1.13 billion ounces of silver were reportedly held in ETPs, worth more…
Jeera prices rose by 0.49% to 19,650, driven by export demand and easing geopolitical tensions. However, the momentum is limited due to the retail buying season and lackluster overseas interest. Domestic supplies remain ample, with farmers holding around 20 lakh bags of cumin. Production is estimated at 90-92 lakh bags for the current season, with…
Gold fell 0.82% to ₹96,472 on concerns over US trade tariffs and expectations of interest rate hikes. The president’s threat to impose higher tariffs on imports from key partners like Japan and South Korea also spooked global markets. Better-than-expected US employment data reduced the chances of an interest rate cut soon, further reducing the appeal…
Gold prices rose marginally by 0.29% to close at ₹97,270 yesterday. The small increase came despite trade deals and strong US jobs data limiting how much prices could rise. The US has made progress on several trade deals and delayed some tariffs until August 1. However, the new tariffs set to kick in on July…
Natural gas prices fell by -0.58% to settle at 290.8 due to robust supply growth and larger-than-expected storage builds. U.S. utilities added 55 billion cubic feet of gas to storage for the week ending June 27, exceeding market expectations and well above the 35 bcf added in the same period last year. Hotter mid-July weather…
Crude prices fell sharply in Asia on Monday after OPEC+ said it would increase crude output more than expected next month. At the same time, markets also watched US trade talks. President Donald Trump said he might delay new tariffs from July 9 to August 1, as investors focused on trade issues. Oil prices rose…
