Welcome to the Commodity Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
Rising trade concerns between the US and China and poor US employment figures helped gold prices rise 0.53% to settle at 84,888. By the end of January, China’s central bank had 73.45 million fine troy ounces of gold, increasing its reserves for the third consecutive month. Gold holdings in London vaults fell 1.7% to 8,535…
A strong dollar pushed gold down 0.15% to 84,444, although demand for safe-haven assets remained steady in the face of economic uncertainty and geopolitical tensions. Expectations for two interest rate cuts in 2024 were reinforced by weaker-than-expected US services sector data, in line with the latest FOMC projections. Gold’s appeal as a safe-haven asset has…
Natural gas prices dropped by 0.63% to ₹285.7 due to increased U.S. production and reduced tariff risks. President’s suspension of tariffs on Canada and Mexico reduced import costs, reducing price support. Average U.S. gas output rose to 106.0 bcfd in February, but daily production dropped to 105.1 bcfd. Weather remains a key driver, with forecasts…
Crude oil prices dropped by 0.25% to ₹6,334 due to tensions between OPEC+ and the former US President, who has called for increased oil supply to curb high prices. The US decision to impose 25% tariffs on Mexico and Canada and 10% on China added to market uncertainty. US crude inventories rose by 3.463 million…
Gold rose 0.09% to ₹82,304 amid former US President Donald Trump’s escalating tariff threats. He reiterated a 25% tariff on imports from Mexico and Canada, while also exploring additional duties on Chinese goods. The US economy slowed in Q4, but consumer spending grew at its fastest pace in nearly two years. Despite record prices, India’s…
Aluminium prices rose by 0.04% to ₹252.1 due to supply concerns and the European Commission’s proposed inclusion of Russian primary aluminium imports in its 16th package of sanctions. The ban, which includes aluminium alloys, has a one-year phase-in period. Global primary aluminium output rose 3% year-on-year to 6.236 million tonnes in December. Stocks at Japan’s…
The silver market is expected to experience a deficit for the fifth consecutive year in 2025, with industrial demand continuing to be the main driver of this supply-demand imbalance. Silver prices have risen under the president’s administration due to geopolitical uncertainty and tariff fears, resulting in short supply and increased supply to CME warehouses. Industrial…
Gold prices rose 0.89% to ₹80,289 as investors awaited the Federal Reserve’s first meeting of 2025. The Federal Reserve is widely expected to keep interest rates steady after a 100 basis point cut since September, the latest sign of easing inflation. Moreover, trade-related inflation risks have eased as the US President has eased fears of…
Crude oil prices dropped by 1.98% to ₹6,300 after the US reversed its initial plan to impose sanctions and tariffs on Colombia after reaching an agreement on deported migrants. Market volatility persists due to the President’s strong rhetoric. US crude oil inventories fell for the ninth week, with a 1.02 million-barrel drop. Inventories at the…
Aluminum prices rose 0.08% to ₹252.75, following comments from the US President that investors were optimistic about a possible trade deal with China, the world’s top user of the metal. The sentiment was further bolstered by developments in the European Union, which is set to ban primary aluminum imports from Russia as part of its…
