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
Gold prices fell 0.37% to ₹76,544 on a strong dollar and rumours that the central bank would be cautious on rate cuts in 2025. The possibility of major policy changes once the US president returns to the White House in January 2025 has made global markets volatile. In India, demand for gold has eased as…
Trading volume was thin before the official start of the New Year, as many traders and institutional investors typically take a break for the holidays. Year-end profit-taking and portfolio rebalancing are dampening trading activity. The U.S. Energy Information Administration (EIA), the statistical arm of the U.S. Department of Energy, is expected to release its weekly…
Zinc prices rose by 1.15% to ₹282, driven by China’s plans to issue $411 billion in special treasury bonds next year. This move aims to support the world’s largest zinc consumer amid economic challenges. However, inventories in Shanghai Futures Exchange warehouses fell by 20.80%, indicating tighter supply conditions. The global zinc market faced a deficit…
Natural gas prices have risen by 7.02% to ₹320.2 due to increased global LNG demand and forecasts of colder weather in the US. A cold front is expected halfway through January, leading to an 18 billion cubic feet increase in demand forecasts. The EIA data shows natural gas storage levels fell by over 100 billion…
Unfavourable inflation data supports the possibility of a Federal Reserve rate cut in 2024, leading silver prices to rise 1.38% to ₹88,392. Core PCE prices, the central bank’s preferred inflation gauge, grew at their slowest pace in six months. Despite the central bank’s ambitious forecast for two 25 basis point rate cuts next year, market…
The next president said he would impose tariffs on European imports unless the EU sharply increased its purchases of US gas and oil. The president has already promised to increase import duties on China, the country with the largest US trade deficit. To support US manufacturing, he has also imposed new tariffs on allies such…
Gold prices rose on Friday due to a softer dollar and Treasury yields, following U.S. economic data showing a slowdown in inflation. Spot gold was up 1.2% at $2,624.15 per ounce, while U.S. gold futures settled 1.4% at $2,645.10. The dollar fell 0.6% from its two-year high, making gold less expensive for overseas buyers. The…
Crude oil prices fell by 0.94% to settle at ₹5,933, driven by concerns over global oil demand, particularly from China. The U.S. Federal Reserve’s indication of a slower pace of interest rate cuts in 2025 added to the bearish sentiment, as higher borrowing costs could dampen economic growth and reduce fuel demand. A stronger dollar…
Gold prices fell 1.31% to ₹75,651 on pressure from the Federal Reserve’s decision. More caution is needed on interest rate cuts. The central bank cut rates as expected. India’s gold imports are expected to fall in December after hitting record purchases in November due to weak domestic demand. The auspicious days are preventing large purchases…
Aluminium prices dropped by -0.53% at ₹243.35 due to rising output in China and Asia’s tightening supply. In November, Chinese aluminium production increased by 3.6% YoY, reaching 3.71 million metric tons. However, high alumina costs and environmental control measures are affecting smelters. China’s aluminium exports reached nearly 5.5 million tons in the first ten months…
