Current Copper Prices in India: Copper Trends and Insights
As of the latest trading session, copper prices in India have declined by 1%, settling at ₹817.15 per kilogram. This drop can be attributed to a stronger U.S. dollar and ongoing concerns about China’s economic recovery, which is pivotal as China is the world’s largest consumer of copper. Key Factors Influencing Copper Prices Technical Analysis […]
What is the Current Rate for Scrap Metal? A Comprehensive Guide
Scrap metal plays a crucial role in various industries, including construction, manufacturing, and recycling. Understanding the current rate for scrap metal is essential for anyone involved in these sectors, whether you’re a business owner, a contractor, or simply looking to sell unused metal. In this blog, we will explore the factors affecting scrap metal prices, […]
Market Update: Mcx Copper Price Today Falls to 852.6, What’s Next?
MCX copper price today fell 0.47% to 852.6, owing to profit taking as investors waited for further cues following Beijing’s recent stimulus measures. China unveiled measures in September to boost economic expansion, such as lowering interest rates, increasing liquidity, and loosening regulations on home purchases. The market’s caution in the face of these measures contributed […]
MCX Crude Oil Price Today: Market Trends Amid Middle East Tensions
MCX Crude Oil Price Today: Crude oil prices rose by 0.84%, closing at ₹5,742, amid rising concerns over potential supply disruptions due to escalating tensions in the Middle East. Fears of Iran becoming involved in the conflict have heightened worries about broader instability. Israel’s increased military actions against Hezbollah and Hamas leaders in Lebanon, as […]
MCX Zinc Price Today: Stimulus Impact, Supply Forecast, and Key Support Levels
MCX Zinc Price Today: Zinc prices eased by 0.12%, closing at ₹280.55 as investors took profits following a recent rally fueled by stimulus efforts in China. Despite China’s central bank planning to direct banks to reduce mortgage rates by October 31 to aid the struggling property market, weak manufacturing data dampened market sentiment. The Caixin […]
MCX Copper Price Today: Market Trends & Technical Outlook
MCX Copper Price Today: Copper prices dipped by 0.57%, closing at ₹851.35 due to an ongoing global surplus in refined copper. According to the International Copper Study Group (ICSG), July recorded a surplus of 91,000 metric tons, following June’s excess of 113,000 metric tons. From January to July 2024, the surplus has surged to 527,000 […]
China’s Rate Cuts: A Strategic Economic Recovery Move
In a decisive move to rejuvenate its economy, China’s central bank rate cuts on Friday marked a critical step towards achieving the nation’s growth target of around 5% for the year. By lowering interest rates and injecting liquidity into the banking system, Beijing aims to address mounting economic challenges and foster an environment conducive to […]
Israel’s Consideration to Limit Precious Metal Ownership
In a strategic move to combat illegal activities, Prime Minister Benjamin Netanyahu has initiated discussions to limit precious metal ownership in Israel. This comes as part of a broader effort to curb the circulation of black market currency. Which has been linked to various criminal activities. A meeting involving key financial figures, including Finance Minister […]
What is the Price of 1 kg Copper in India: Market Outlook
Today, the price of 1 kg copper in India has settled up by 0.5% at ₹840.65. This increase is largely attributed to China’s introduction of several easing measures aimed at bolstering its economy. The People’s Bank of China announced a 50-basis-point cut to the reserve requirement ratio before the year-end and plans to reduce key […]
Zinc MCX Price Today: Market Update and Insights
Today, the zinc MCX price surged by 3.23% to settle at ₹275, primarily driven by China’s comprehensive stimulus measures aimed at reviving its struggling economy. The People’s Bank of China announced its most substantial stimulus since the pandemic, which has significantly boosted market sentiment and supported metal prices across the board. However, this positive momentum […]