Commodities Market Live

MCX Gold futures are trading with modest gains today. The benchmark Dec-26 contract is higher by 0.38% at Rs 141060 per 10 grams. The intraday range was Rs 141060-141990 per 10 grams.The counter has fell 1.89% over last one-week.

Silver is substantially higher by 2.20% at Rs 186594 per kg. The open interest in the counter plunged by 4.67% to 16242 lots. The metal shed 2.43% in last session.

In global equities, US markets are likely to open on a positive note. DOW futures posted modest gains of 0.16%. In Europe, FTSE 100 edged up 0.34% and CAC 40 inched higher 0.26%.

German consumer prices increased 2.8% in October compared to the year-ago period, according to data released Wednesday by the Federal Statistical Office (Destatis), confirming the preliminary assessment. The sustained elevated inflation rate remains largely influenced by movements in energy prices. Energy prices advanced 12.2% on a yearly basis, following a 14.9% rise in September. Overall consumer prices declined 0.2% month over month in October.

WTI crude oil futures are endeavoring to consolidate near a two and a half month low. Prices declined this week in the wake of indications of diminishing tensions between the US and Iran. The oil market is now anticipating the weekly US crude inventory data update and is likely to exhibit circumspect trading following a nearly 17% contraction this month. The commodity is presently quoted at $86.65 per barrel, up 0.80% on the day. Prices had descended below $84 per barrel in the last session. MCX Crude oil futures are quoted at Rs 8141 per barrel, up 0.56% on the day. Overall price action remains volatile. MCX Crude oil futures decreased 1.71% yesterday.

MCX Gold futures for Dec-26 witnessed buying interest today. The counter currently trades up 0.65% at Rs 1,41,438 per 10 grams with a 1.59% decrease in open interest.

In other commodities, MCX Crude oil futures for Nov-26 added 0.49% to trade at Rs 8,136 per barrel.

MCX Nov-26 Copper futures improved 0.51% to trade at Rs 1,344 per kg.

MCX Natural Gas futures for Nov-26 are rising 0.91% at Rs 311 per mmbtu with a 2.84% slide in open interest.

NCDEX Guarseed futures ticked lower 0.33% at Rs 8421 per quintal today. The counter eased by around 0.33% in last three-sessions. Open interest in the futures surged by 17.90% today and has soared by 33.64% in last one week. Spot Guarseed rose slightly 0.60% to Rs 8152.95 per quintal today and rose around 5.79% over last one-month.It has jumped around 73.55% in last one year.

NCDEX Guar gum futures moved lower 1% at Rs 16692 per quintal today. The counter slipped by around 1% in last three-sessions. Open interest in the futures spiked by 4.67% today and has spiked by 19.52% in last one week.

NCDEX Cotton seed oilcake futures rallied sharply 2.03% at Rs 3778 per quintal today. The counter rose around 2.03% in last three-sessions. Open interest in the futures jumped by 12.90% today and has soared by 20.66% in last one week. Spot Cotton seed oilcake edged down 0.16% to Rs 3671.6 per quintal today and zoomed up around 5.54% over last one-month.It has climbed around 12.38% in last one year.

NCDEX Pepper futures spiked 1.79% at Rs 809 per quintal today. The counter gained around 1.79% in last three-sessions. Open interest in the futures rallied sharply by 22.30% today and has jumped by 58.77% in last one week.

NCDEX Turmeric futures moved higher 1.14% at Rs 28746 per quintal today. The counter edged up around 1.14% in last three-sessions. Open interest in the futures ticked higher by 0.55% today and has rallied sharply by 7.82% in last one week.

NCDEX Coriander futures advanced 0.84% at Rs 16830 per quintal today. The counter gained approximately 0.84% in last three-sessions. Open interest in the futures rose slightly by 0.89% today and has risen slightly by 1.62% in last one week.

NCDEX Jeera futures rose slightly 0.33% at Rs 29155 per quintal today. The counter increased by around 0.33% in last three-sessions. Open interest in the futures spiked by 13.42% today and has spiked by 89.56% in last one week.

NCDEX Castor futures inched up 0.23% at Rs 8449 per quintal today. The counter moved up around 0.23% in last three-sessions. Open interest in the futures surged by 6.11% today and has surged by 42.81% in last one week.

Japan’s machine tool orders advanced by 42.5% year-on-year to JPY 204,377 million in October 2026, moderating from a 60.4% increase in the prior month. Demand maintained its strength across both domestic and overseas markets, with domestic orders rising 46.5% year-on-year to JPY 52,290 million, despite a 18.2% decrease from September, while foreign orders climbed 41.1% to JPY 152,087 million, registering a smaller monthly decrease of 4.5%. Overseas demand continued to represent the majority of total orders. On a monthly basis, total orders retreated by 8.4%, decelerating from a 12.8% increase in the previous period. Over the first ten months of 2026, cumulative machine tool orders grew 43.2% year-on-year to JPY 1,873,680 million.

Precious metals are exhibiting significant price fluctuations as both Gold and Silver rebounded today following a period of selling pressure triggered by an elevated inflation reading in the US. The US inflation increased 0.4% from September to October. Rising energy costs, influenced by the Iran war, have been the primary driver behind the persistent inflation, which has remained above an annualized 3% since the conflict began in late February. This upward pressure on US bond yields has negatively impacted bullion prices. Gold retreated from a two-week high, experiencing a decline of approximately 2%. Silver also decreased by roughly 2.80%. However, a notable recovery was observed today, with COMEX Gold advancing 1% to $4071 per ounce while Silver surged 3.51% to $53.02 per ounce. MCX Gold futures increased 0.94% to Rs 141847 per 10 grams. MCX Silver futures jumped 2.89% to trade at Rs 187850 per kg.

Base metals generally exhibited gains during the trading day. MCX Copper futures are currently valued at Rs 1347.90 per kg, reflecting a 0.79% increase on the day and nearing the Rs 1350 per kg threshold. MCX Aluminium futures advanced 0.74% to Rs 327.80 per kg. MCX Zinc futures increased 0.67% to trade at Rs 413.10 per kg. MCX Lead futures retreated 0.33% to Rs 193.90 per kg. MCX Nickel futures jumped 0.95% to Rs 1538 per kg.

US Natural Gas futures demonstrated a modest advance today, building upon recent rallies and achieving a three-week apex as a breach of the $3 per mmbtu threshold persisted. Futures are presently valued at $3.30 per mmbtu, reflecting a 0.24% daily increase and a cumulative gain of approximately 10% this week, as market participants scrutinize inventory trends and near-term heating demand dynamics for the commodity. MCX Natural gas futures registered a 2.80% surge in the prior session. Domestic futures are presently trading at Rs 310.50 per mmbtu, exhibiting a 0.55% daily uptick.

LME Lead inventories held steady in the previous session following a recent decline. Lead stockpiles on the exchange registered at 300300 tonnes on Tuesday, maintaining a three-and-half month low.

The US Energy Information Administration (EIA) indicated in its latest monthly update released Oct-26 that a temperate start to November is exerting downward pressure on US natural gas prices. It anticipates greater natural gas inventories in forthcoming months than previously projected, owing to diminished heating requirements resulting from mild weather conditions in November. The EIA’s forecast for the Henry Hub spot price of natural gas averages $2.87 per million British thermal units (mmbtu) from November through March, a 16% reduction from prior expectations. The EIA observed that expanding gas production will exceed rising demand from domestic sources and exports, resulting in US natural gas inventories approximately 3% above 2026 levels on average. According to the EIA, Henry Hub spot prices will average $2.88 per mmbtu in 2027, a decrease from $3.37 per mmbtu this year. It noted that international natural gas prices have advanced to the highest levels since December 2022, bolstering US liquefied natural gas (LNG) export economics.

The US Energy Information Administration (EIA) reported in its latest monthly update, released Oct-26, that crude oil prices increased for the third consecutive month in October, driven by diminishing global inventories, attacks on oil tankers in the Persian Gulf, limited shipping capacity, and elevated transportation expenses that constricted supply. Under these conditions, the EIA anticipates the Brent crude oil spot price will stay close to $100 per barrel (b) for the remainder of the current year. The EIA’s projection assumes that most Middle East production outside Iran will revert to pre-conflict averages by mid-year in the following year. As depleted global oil inventories accumulate throughout next year, the EIA projects the Brent spot price will progressively decline to an average of $77/b in the fourth quarter of 2027.

The agency anticipates a decrease in the US average retail price of gasoline and diesel in 2027; its projections for those prices have been revised upward from the previous month’s assessment. The forecast indicates a US retail diesel price average of $5.03 per gallon (gal) next year, representing a 12% increase from the EIA’s prior forecast. Gasoline prices are projected to average $3.73/gal, a 5% increase compared to last month’s estimates. EIA posits that global petroleum product markets will experience sustained supply limitations through the end of 2027. These prevailing market conditions are expected to bolster petroleum product crack spreads next year and stimulate heightened US refinery throughput.

The Energy Information Administration indicated that global oil inventories decreased by an average of 1.2 million b/d during the third quarter of 2026 (3Q26) but are projected to begin increasing in 4Q26. The agency further reported that while global oil production is expected to exceed consumption in 4Q26, the elevated risk of supply disruptions and extended shipping distances will constrain the immediate effect of global stock builds until geopolitical risk abates and inventories revert closer to pre-conflict levels. It anticipates that export workarounds from the Middle East, including pipeline and overland bypass routes, ship-to-ship transfers, and new pipeline capacity slated to become operational in 2027 in the United Arab Emirates, will result in shut-in volumes diminishing throughout the Short-Term Energy Outlook forecast period.

The American Petroleum Institute (API) reported a build of 9.0 million barrels in United States crude oil inventories for the week concluding November 6. This follows a decrease of 5.267 million barrels in US crude oil inventories during the preceding week. API data indicates that commercial crude oil inventories, excluding the SPR, have declined by more than 54 million barrels over the past 30 weeks, and 3 million barrels year-to-date, partially offset by withdrawals from the SPR. Gasoline inventories edged higher by just 4 thousands of barrels during the week ending November 6, a deceleration from the 1.427 million barrel increase observed in the week prior.

COMEX copper`s advance is anticipated to be constrained as the dollar maintains strength following a significant rally late Tuesday, triggered by unexpectedly robust US inflation data that bolstered the likelihood of a December Federal Reserve rate increase. The Consumer Price Index (CPI) registered a faster monthly increase of 0.4% Month-on-Month (MoM), surpassing estimates of 0.3%. Fed Governor Christopher Waller indicated that a half-point Fed rate hike may be warranted in December should October core CPI inflation register approximately 0.3% or greater. The industrial metal is, however, demonstrating a recovery from 4-month lows observed late last week. Equities on Wall Street generally declined during Tuesday`s session, retracing gains from earlier in the week. The Nasdaq retreated 187.26 points, a decline of 0.7 percent, to 25,065.87, the S&P 500 decreased 29.01 points, or 0.4 percent, to 7,520.93, and the Dow Jones Industrial Average declined 157.86 points, representing a 0.3 percent decrease, to 52,231.89.

COMEX gold experienced a significant decline in the prior session following the release of unexpectedly robust US inflation data, reinforcing anticipations of a rate increase in December. The Bureau of Labor Statistics (BLS) indicated that the headline Consumer Price Index (CPI) advanced at a more rapid pace of 0.4% Month-on-Month (MoM), surpassing estimates of 0.3%. Concurrently, the core CPI – excluding the influence of food and energy prices – registered at 0.3%, exceeding expectations of 0.2%. Fed Governor Christopher Waller suggested that a 0.5% rate hike by the Federal Reserve may be warranted in December, predicated on an October core CPI inflation reading of approximately 0.3% or greater. Gold declined by over 2% yesterday before staging a partial recovery of 0.5% this morning, reaching $4055.20 an ounce. Meanwhile, silver has advanced more than 2% to $52.41 an ounce. Silver prices have depreciated by 26.13% since the inception of the year.

WTI crude oil futures maintained a recent downtrend, nearing a 10-week low, amid indications of diminishing tensions between the US and Iran. US President Donald Trump reportedly signaled that further military action against Iran might not be warranted, fostering optimism regarding a possible diplomatic resolution. However, unresolved uncertainties remain as Iran stipulates relief from US sanctions and the naval blockade as preconditions for peace negotiations. The API Weekly Crude Oil Stock registered a substantial increase of 9.0 million barrels for the week ended November 6, representing the initial stockpile expansion in six weeks. The front-month contract is presently valued at $86.55 per barrel, reflecting a 0.65% gain on the day following a decline of approximately 5% over the preceding two trading sessions.

United States wholesale inventories advanced 0.7% in September versus the revised August level, attaining $1.01 trillion, according to data released Monday by the Census Bureau. The figure registered a 7.6% increase on a year-over-year basis.

Merchant wholesaler sales, subject to seasonal and trading-day adjustments but excluding price effects, registered at $840.1 billion, reflecting a monthly increase of 2.8% and a substantial annual gain of 19.8%.

The inventories-to-sales ratio for merchant wholesalers registered at 1.21, a decline from 1.34 in September 2025.

The United States Small Business Optimism Index registered a decline of 0.1 points in October, settling at 97.8, according to a report released Tuesday by the National Federation of Independent Business (NFIB), remaining beneath the 53-year historical average of 98.0. The Uncertainty Index decreased six points from the previous month to 84, representing its lowest reading since December 2025.

Simultaneously, tangible sales demonstrated an uptick in October, as a greater proportion of owners assessed the overall condition of their businesses as good or excellent. Concerns regarding labor quality or availability were identified as the paramount challenge by 25% of owners, a decrease of one point from September. This was followed by taxes, which escalated 10 points to 21%, marking the highest level observed since May 2021.

China’s trade surplus registered at $105.28 billion in October, a decline from $133.53 billion the prior month and falling short of anticipated levels, according to data released Tuesday.

Overseas shipments increased 35.2% compared to the same month in the prior year, measured in dollar terms, as imports advanced by 41.6% on an annual basis.

The nation`s trade surplus registered at 712.78 billion yuan. Exports demonstrated a year-on-year expansion of 28.7%, while imports advanced by 34.7%.

The Consumer Price Index (CPI) for All Urban Consumers in the United States registered a 0.4% monthly increase in October, a moderation from the 0.6% rise observed in September, according to a report released Tuesday by the Bureau of Labor Statistics (BLS).

The published data lacked the customary 12-month inflation rate for the stated period, attributable to the federal government shutdown in October 2025, which disrupted the BLS’s ability to gather price information. The index for all items less food and energy registered a 0.3% increase from the prior month. The energy index climbed by 0.7%, while the food index advanced 0.5% month-on-month.

The shelter index contributed to more than 30% of the aggregate increase, advancing by 0.3% compared to the previous month. Prices for recreation, medical care, and motor vehicle insurance also registered gains, whereas the indexes for used cars and trucks and communication retreated in October.

MCX Gold futures for Dec-26 gained today. The counter had rose 0.89% on the day yesterday to close at Rs 1,40,525 per 10 grams. It opened at Rs 1,41,270 per 10 grams today and currently trades up 0.89% at Rs 1,41,776 per 10 grams with a 1.15% fall in open interest.

MCX Silver futures for Dec-26 are up 2.70% at Rs 1,87,505 per kg after inching up 2.70% in last session.

NCDEX Guar gum futures fell slightly 0.24% at Rs 16819 per quintal today. The counter declined slightly by around 0.24% in last three-sessions. Open interest in the futures ticked higher by 1.70% today and has surged by 16.14% in last one week.

NCDEX Pepper futures spiked 1.51% at Rs 807 per quintal today. The counter zoomed up around 1.51% in last three-sessions. Open interest in the futures rallied sharply by 8.11% today and has spiked by 40.35% in last one week.

NCDEX Turmeric futures gained 1.28% at Rs 28786 per quintal today. The counter edged up around 1.28% in last three-sessions. Open interest in the futures is up slightly by 0.76% today and has surged by 8.05% in last one week.

NCDEX Coriander futures edged up 0.79% at Rs 16822 per quintal today. The counter rose by nearly 0.79% in last three-sessions. Open interest in the futures ticked higher by 0.86% today and has inched higher by 1.59% in last one week.

NCDEX Jeera futures rose slightly 0.72% at Rs 29270 per quintal today. The counter gained approximately 0.72% in last three-sessions. Open interest in the futures edged up by 0.89% today and has soared by 68.62% in last one week.

NCDEX Castor futures ticked higher 0.25% at Rs 8451 per quintal today. The counter inched up around 0.25% in last three-sessions. Open interest in the futures moved higher by 2.16% today and has jumped by 37.50% in last one week.

NCDEX Guarseed futures inched up 0.07% at Rs 8455 per quintal today. The counter increased by around 0.07% in last three-sessions. Open interest in the futures inched up by 0.99% today and has rallied sharply by 14.47% in last one week.

MCX Zinc futures closed slightly lower by 0.63% at Rs 410.9 per kg in last session. The open interest in the counter saw a slight decline of 1.59%.Volume saw a sharp decline of 43.83%. The counter has edged down by 0.36% in last one-week.

MCX iCOMDEX Zinc index recorded a modest increase of 0.02% to end at 43143.71.

MCX Zinc CE option for Rs 430, slid 26% at Rs 1.48 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Zinc futures.

S1: 409.3

S2: 407.7

PP: 411.65

R1: 413.25

R2: 415.6

MCX Silver futures finished lower by 2.42% at Rs 182600.0 per kg in last session. The open interest in the counter posted a slight decline of 0.11%.Volume retreated by 15.49%. The counter has edged down by 0.32% in last one-week.

MCX iCOMDEX Silver index remained flat to end at 20751.83. has edged down by 17.13% in last one-month.

MCX Silver CE option for Rs 200000, fell sharply by 36.64% at Rs 1365 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Dec-26 Silver futures.

S1: 181131.33

S2: 179662.67

PP: 183727.67

R1: 185196.33

R2: 187792.67

MCX Natural gas futures jumped 2.80% at Rs 308.9 per MMBtu in last session. The open interest in the counter decreased by 6.89%.Volume registered a significant decline of 33.39%. The counter is marginally higher by 6.45% in last one-week.

MCX iCOMDEX Natural gas index declined by 0.03% to end at 690.49. The index is slightly higher by 8.60% in last one-week and has moved lower by around 13.20% in last one-month.

MCX Natural gas PE option for Rs 300, fell sharply by 27.74% at Rs 11.20 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Natural gas futures.

S1: 302.6

S2: 296.3

PP: 306.9

R1: 313.2

R2: 317.5

MCX Lead futures finished slightly lower by 0.03% at Rs 194.7 per kg in last session. The open interest in the counter added 6.65%.Trading activity saw a steep decline of 48.55%. The counter is down around 0.10% in last one-week.

MCX iCOMDEX Lead index saw a slight decline of 0.08% to end at 8764.28.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Lead futures.

S1: 193.83

S2: 192.97

PP: 194.42

R1: 195.28

R2: 195.87

MCX Gold futures closed lower by 1.89% at Rs 140457.0 per 10 gram in last session. The open interest in the counter edged up by 1.65%.Volume decreased by 18.48%. The counter is slightly lower by 0.05% in last one-week.

MCX iCOMDEX Gold index lost 0.04% to end at 34223.69.

MCX Gold CE option for Rs 150000, plunged 49.90% at Rs 377 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Dec-26 Gold futures.

S1: 139710.0

S2: 138963.0

PP: 141105.0

R1: 141852.0

R2: 143247.0

MCX Crude oil futures lost 1.71% at Rs 8088.0 per barrel in last session. The open interest in the counter rose by 2.30%.Volume fell by 15.17%. The counter has slipped by 1.61% in last one-week.

MCX iCOMDEX Crude oil index registered a marginal rise of 0.01% to end at 13445.0. The index has dropped sharply by 17.02% in last one-week

MCX Crude oil PE option for Rs 8000, jumped 10.31% at Rs 193.60 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Crude oil futures.

S1: 7914.67

S2: 7741.33

PP: 8034.33

R1: 8207.67

R2: 8327.33

MCX Copper futures finished down 1.05% at Rs 1337.2 per kg in last session. The open interest in the counter moved up by 4.34%.Volume plunged by 26.77%. The counter has recorded a slight decline of 1.22% in last one-week.

MCX iCOMDEX Copper index remained flat to end at 19705.54.

MCX Copper CE option for Rs 1400, plunged 30.73% at Rs 4.53 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Copper futures.

S1: 1332.38

S2: 1327.57

PP: 1339.82

R1: 1344.63

R2: 1352.07

MCX Aluminium futures lost 1.66% at Rs 325.3 per kg in last session. The open interest in the counter rose by 2.18%.Trading volume surged by 184.75%. The counter has gained 0.78% in last one-week.

MCX iCOMDEX Aluminium index saw a slight rise of 0.05% to end at 15664.94.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Aluminium futures.

S1: 323.05

S2: 320.8

PP: 326.5

R1: 328.75

R2: 332.2

Precious metals experienced further declines, facing sustained selling pressure following a stronger-than-anticipated inflation report in the US. US inflation increased 0.4% from September to October. Elevated energy costs, fueled by the Iran war, have been the primary contributor to inflation, which has remained above an annualized 3% since the conflict began in late February. This development prompted a rise in US bond yields, negatively impacting bullion prices. Gold retreated from a two-week high, declining 1.45% to $4057 per ounce. MCX Gold has decreased 1.27% to Rs 141343 per 10 grams. Silver decreased 1.70% to trade below $52 per ounce. MCX Silver has fallen 1.61% to Rs 184114 per kg.

The total open interest of MCX Copper futures for Nov-26 stood at 7096 lots as on 10.45 PM PM today compared to 7324 lots in last session. This accounted for a marginal decrease of 3.11% on the day. Total traded volume is 4186 lots, up sharply by 851.36% on the day.

The total open interest of MCX Crude oil futures for Nov-26 stood at 9612 lots as on 10.30 PM PM today compared to 7309 lots in last session. This accounted for a substantial advance of 31.51% on the day. Total traded volume is 67408 lots, significantly higher by 3891% on the day.

The total open interest of MCX Gold futures for Dec-26 stood at 16234 lots as on 10.15 PM PM today compared to 15706 lots in last session. This accounted for a small increase of 3.36% on the day. Total traded volume is 5349 lots, up sharply by 651.26% on the day.

MCX Copper futures are are trading on a positive note, up 0.85% at Rs 1351 per kg right now. The counter was marginally higher by 0.06% in the day session till 6.00 PM. MCX Copper futures rose to an intraday high of Rs 1355 per kg today and have recorded a steep drop of 3.25% in the open interest. US equities are trading substantially higher with NASDAQ Composite is rallying 2.80% on the day.MCX Copper rises up for third consecutive session.

In other metals, Zinc is up 0.24% at Rs 413 per kg, Aluminium is trading slightly higher by 0.12% at Rs 330 per kg, Nickel is up 0.08% at Rs 1535 per kg while Lead remained flat at Rs 195 per kg.

Copper has eased around 3.78% in the last one week followed by MCX Zinc, which is down around 1.47%.

MCX Crude Oil futures are trading with steep losses today in evening trades. The benchmark MCX Nov-26 contract is substantially lower by 3.85% at Rs 8225 per barrel. US equities are trading firmly higher with NASDAQ Composite is sharply higher by 2.33% on the day. MCX Crude Oil futures hit a high of Rs 8593 per barrel today and have witnessed a significant 36.80% increase in open interest. MCX Crude oil is lower for two consecutive session. The counter edged lower by 0.56% in the day session till 6.00 PM.

MCX Natural Gas is substantially higher by 3.16% at Rs 294 per MMBtu. The counter moved in a range of Rs 282-298 per MMBtu today. The open interest in the counter dropped sharply by 9.64%.

Natural Gas has gained around 4.51% in the last one week while Crude Oil is down 5.71%.

MCX Gold futures are trading in the green today. The benchmark Dec-26 contract is up 0.88% at Rs 143801 per 10 grams. The intraday range was Rs 143250-144400 per 10 grams.The counter has rose slightly by 1.69% over last one-week.The open interest in the counter surged by 3.70% to 16287 lots.

Silver is firmer by 1.39% at Rs 187681 per kg. The open interest in the counter rose by 2.12% to 17120 lots.

In global equities, US markets are expected to open in green. DOW futures have risen 1.13%. In Europe, DAX Performance Index recorded robust gains of 1.67% and CAC 40 ticked up 0.78%.

MCX Copper futures are slightly higher by 0.78% at Rs 1350 per kg.

MCX Gold futures for Dec-26 witnessed buying interest today. The counter currently trades up 0.64% at Rs 1,43,470 per 10 grams with a 3.08% surge in open interest.

In other commodities, MCX Crude oil futures for Nov-26 lost 2.15% to trade at Rs 8,370 per barrel.

MCX Nov-26 Copper futures gained 0.69% to trade at Rs 1,348 per kg.

MCX Natural Gas futures for Nov-26 are falling 0.21% at Rs 284 per mmbtu with a 2.03% increase in open interest.

NCDEX Jeera futures fell slightly 0.02% at Rs 28065 per quintal today. The counter eased by around 0.02% in last three-sessions. Open interest in the futures jumped by 3.82% today and has surged by 86.95% in last one week. Spot Jeera remained flat to Rs 27181.1 per quintal today and rallied by around 10.75% over last one-month.It has jumped around 36.37% in last one year.

NCDEX Guarseed futures edged down 0.24% at Rs 8359 per quintal today. The counter slipped by around 0.24% in last three-sessions. Open interest in the futures spiked by 4.50% today and has spiked by 19.62% in last one week.

NCDEX Guar gum futures ticked lower 0.37% at Rs 16550 per quintal today. The counter edged down around 0.37% in last three-sessions. Open interest in the futures is up slightly by 1.30% today and has soared by 22.85% in last one week.

NCDEX Cotton seed oilcake futures inched lower 0.51% at Rs 3703 per quintal today. The counter inched lower by around 0.51% in last three-sessions. Open interest in the futures inched lower by 1.40% today and has rallied sharply by 14.18% in last one week.

NCDEX Turmeric futures eased 0.73% at Rs 28252 per quintal today. The counter declined slightly by around 0.73% in last three-sessions. Open interest in the futures rose slightly by 0.66% today and has jumped by 6.98% in last one week.

NCDEX Castor futures moved lower 1.12% at Rs 8425 per quintal today. The counter inched lower by around 1.12% in last three-sessions. Open interest in the futures soared by 10.98% today and has jumped by 46.86% in last one week.

NCDEX Coriander futures slipped 1.31% at Rs 16480 per quintal today. The counter declined slightly by around 1.31% in last three-sessions. Open interest in the futures ticked higher by 0.42% today and has edged higher by 1.61% in last one week.

COMEX Gold futures advanced consistently today, bolstered by indications of robust fund interest. The World Gold Council or WGC reported in a recent update that global gold ETFs continued to expand, registering US$2.7 billion or bn in October, primarily driven by European funds. Global gold ETF holdings increased by 19 tonnes (t) to 4,275t, although their AUM declined 6% to US$542 bn reflecting the decreased gold price during the month. European funds spearheaded the inflows. Over the first ten months of the year, global gold ETFs accumulated US$41bn, marking the third largest on record, with holdings rising by 246t. The metal also observed positive demand in the Indian retail market following spot prices nearing a one year low. COMEX Gold futures are currently valued at $4103 per ounce, exhibiting a 0.79% increase on the day.

Crude oil retreated today, beginning the week with muted momentum while maintaining a generally circumspect posture. Crude benchmarks advanced on Friday following escalations in Ukrainian attacks targeting Russian refining infrastructure. Oil had previously declined earlier in the week amid optimism regarding potential progress toward a resolution to the conflict involving the United States and Iran. WTI futures approached a two-month trough before staging a recovery. Prices declined approximately 1% to trade just above $90 per barrel. The MCX crude oil futures decreased 0.92% to trade at Rs 8475 per barrel, relinquishing most of the prior session’s advance. Open interest in the counter has demonstrated a notable increase during the session.

NCDEX Pepper futures edged higher 0.51% at Rs 792 per quintal today. The counter rose by nearly 0.51% in last three-sessions. Open interest in the futures soared by 3.57% today and has jumped by 31.82% in last one week. Spot Pepper rose slightly 0.45% to Rs 758.05 per quintal today and increased by around 4.49% over last one-month.It has plunged around 98.92% in last one year.

Speculative positioning in the Copper futures market registered a marked reduction in long exposure, as indicated by the latest Commitment of Traders (COT) report disseminated by the Commodity Futures Trading Commission (CFTC). Non-commercial traders, encompassing hedge funds and large speculators, held a net long position of 48317 contracts in Copper futures contracts as of November 3, 2026, a decline of 10607 contracts. This level of net long positioning represents approximately a seven-month low.

Japan’s leading economic index, measuring anticipated economic activity, retreated to 116.4 in September 2026 from a final figure of 118.0 in the prior month, according to preliminary data. The index registered its lowest level since June, signaling apprehensions regarding sustained inflationary forces, partially attributable to heightened oil prices and supply chain disturbances connected to instability in the Middle East.

Precious metals speculators bolstered their net long positions in Silver futures markets last week, following recent depreciations, as indicated by the latest Commitment of Traders (COT) data disseminated by the Commodity Futures Trading Commission (CFTC). Non-commercial Silver futures contracts, encompassing positions held by substantial speculators, hedge funds, and retailers, registered a net position of 21251 contracts in the data reported through November 3, 2026. This represented a weekly increase of 1548 net contracts and elevated net longs from a one-month trough.

Precious metals speculators registered a further significant contraction in their net long position in Gold futures, as indicated by the latest Commitment of Traders (COT) report disseminated by the Commodity Futures Trading Commission (CFTC). Non-commercial traders, encompassing hedge funds, large speculators, and retailers, held a net position of 179548 contracts in Gold futures contracts through November 3, 2026, a decrease of 6903 contracts from the prior week and maintaining proximity to a three-month low.

Germany’s trade surplus narrowed to €15.6 billion in September, a decrease from the €19.5 billion registered in August, and undershot market forecasts, according to a report released Monday by Destatis, the country’s Federal Statistical Office.

The nation’s calendar-adjusted and seasonally adjusted merchandise exports registered €141.1 billion, demonstrating a 2% increase month-over-month and a 7.7% expansion year-over-year. Imports totaled €125.5 billion, advancing by 4.2% compared to the previous month and by 8.7% compared to the same period last year.

Germany`s exports to nations within the European Union increased by 3.5% in September compared to August, reaching €80.8 billion, as imports advanced by 4.9% to €62.9 billion. Shipments to countries outside the EU rose by 0.1% from the prior month, attaining €60.3 billion, while imports gained 3.6% and totaled €62.7 billion.

LME Zinc inventories decreased in the previous session. Stockpiles on the exchange declined by 1350 tonnes to reach 146875 tonnes on Friday, a three-week trough. Inventories are trending downward following a roughly one and a half year high reached last month.

Copper futures advanced today, recouping losses from the prior week. A robust equity market underpinned the industrial metal, and COMEX Copper futures are presently valued at $6.33 per pound, reflecting a 1.50% increase on the day. MCX Copper futures registered a 0.80% gain, reaching Rs 1350 per kg, supported by a floor near Rs 1345 per kg. Strength in US markets and notable gains in European equities contributed to the upward momentum in Copper prices.

COMEX copper futures advanced more than 1.5% in Monday`s Asian trading session, recovering from a prior decline to near a four-month trough earlier in the month. Robust demand for copper persists, driven by the substantial requirements for copper wiring in computing, artificial intelligence (AI) data centers, and electric vehicles, although elevated interest rates and evolving geopolitical trade policies are instilling caution among investors. A significant downturn in US equity markets may also temper advances in the red metal, which is presently valued at $6.34 per pound. The Dow Jones Industrial Average retreated 237.33 points, a 0.5 percent decrease, to 51,285.73, while the S&P 500 increased 23.13 points, a 0.3 percent rise, to 7,376.86, and the Nasdaq Composite gained 264.43 points, a 1.1 percent increase, to 24,579.42.

Gold and silver futures advanced to their highest level in over two weeks on Monday morning in Asia as oil prices retreated below the $100 per barrel threshold, alleviating inflationary concerns. Nevertheless, robust US jobs data suggested a heightened probability of a Federal Reserve interest rate increase and bolstered the dollar, potentially limiting gains for precious metals. The US economy generated 165,000 jobs in October, in contrast to the 60,000 recorded in September, according to data released Friday by the US Bureau of Labor Statistics (BLS). This figure surpassed estimates of 65,000. The Unemployment Rate declined to 4.1% in October, a decrease from 4.2% in September. Currently, the yellow metal is quoted at $4124.70 an ounce while silver is trading near the $53 per ounce mark.

According to fresh data released on Friday by Baker Hughes, the aggregate number of active drilling rigs for oil and gas in the United States edged higher for the week ending November 6th, with the US total rig count reaching 604, a gain of 56 compared to the year-ago level. The count of active oil rigs increased by 1, to 463, during the most recent reporting period, representing an increase of 49 above the same week in the prior year. The number of gas rigs also advanced by 1, to 131, a marginal increase of 3 from this time last year. Miscellaneous rigs decreased by one, to 10.

China’s consumer price index (CPI) rose 0.7% year-over-year in October, a deceleration from 0.9% in September, according to a report released Monday by the National Bureau of Statistics (NBS).

The consumer price index registered no monthly change, following a 0.2% rise in September. Furthermore, the producer price index advanced 5.7% year-over-year, an acceleration from 5% in the prior month, maintaining its upward trajectory and surpassing estimates.

The University of Michigan’s preliminary report, released on Friday, indicated that the Consumer Sentiment Index in the United States advanced 6.3% in November compared to October, attaining 51 points. The metric remained unchanged year-over-year.

The Current Economic Conditions Index registered a 9.2% increase during the period compared to October, although it decreased 0.2% when compared to November 2025, reaching a level of 51 points. The Index of Consumer Expectations demonstrated a monthly advance of 4.3%, while declining 0.2% year-over-year, to settle at 50.9.

Total nonfarm payroll employment in the United States rose by 165,000 in October, according to data released Friday by the Bureau of Labor Statistics. Concurrently, the August figure was revised upward by 53,000 to 186,000, and September’s gain was revised higher by 31,000 to 60,000.

The reported figure substantially exceeded anticipated levels. Professional and business services demonstrated job gains of 70,000, health care advanced by 42,000, transportation and warehousing rose by 25,000, and manufacturing contributed 19,000. The unemployment rate registered a marginal shift at 4.1%, with the total number of unemployed persons registering at 7.1 million.

Average hourly earnings for all employees rose by 14 cents, equating to a 0.4% increase, reaching $38.00, and registered a 3.1% gain on a year-over-year basis. The average workweek held steady at 34.4 hours.

LME Zinc inventories decreased in the previous session. Stockpiles on the exchange declined by 1350 tonnes to register 146875 tonnes on Friday, reaching a three-week trough. Inventories are trending downward following a climb to approximately one and a half year highs last month.

MCX Gold futures for Dec-26 ended up today. The counter had added 1% on the day yesterday to close at Rs 1,42,552 per 10 grams. It opened at Rs 1,43,562 per 10 grams today and currently trades up 1% at Rs 1,43,974 per 10 grams with a 1.32% uptick in open interest.

MCX Silver futures for Dec-26 are up 1.51% at Rs 1,87,887 per kg after registering a growth of 1.51% in last session.

NCDEX Guarseed futures eased 0.29% at Rs 8355 per quintal today. The counter inched lower by around 0.29% in last three-sessions. Open interest in the futures is up slightly by 0.97% today and has rallied sharply by 15.58% in last one week.

NCDEX Castor futures inched lower 0.38% at Rs 8488 per quintal today. The counter eased by around 0.38% in last three-sessions. Open interest in the futures advanced by 2.90% today and has spiked by 36.17% in last one week.

NCDEX Cotton seed oilcake futures fell slightly 0.38% at Rs 3708 per quintal today. The counter edged down around 0.38% in last three-sessions. Open interest in the futures ticked higher by 0.62% today and has surged by 16.53% in last one week.

NCDEX Guar gum futures ticked lower 0.46% at Rs 16535 per quintal today. The counter slipped by around 0.46% in last three-sessions. Open interest in the futures rose slightly by 0.62% today and has jumped by 22.02% in last one week.

NCDEX Turmeric futures edged down 0.50% at Rs 28318 per quintal today. The counter declined slightly by around 0.50% in last three-sessions. Open interest in the futures inched up by 0.55% today and has soared by 6.87% in last one week.

NCDEX Jeera futures inched lower 0.69% at Rs 27875 per quintal today. The counter slipped by around 0.69% in last three-sessions. Open interest in the futures edged higher by 1.19% today and has jumped by 82.20% in last one week.

NCDEX Coriander futures slipped 1.31% at Rs 16480 per quintal today. The counter eased by around 1.31% in last three-sessions. Open interest in the futures edged up by 0.39% today and has inched higher by 1.58% in last one week.

NCDEX Pepper futures rose slightly 0.03% at Rs 788 per quintal today. The counter edged up around 0.03% in last three-sessions. Open interest in the futures remained flat today and has surged by 27.27% in last one week.

MCX Zinc futures closed down 0.08% at Rs 411.55 per kg in last session. The open interest in the counter recorded a modest increase of 1.16%.Volume plunged by 95.31%. The counter has eased by 1.47% in last one-week.

MCX iCOMDEX Zinc index registered a marginal drop of 0.08% to end at 42997.6.

MCX Zinc CE option for Rs 430, plunged 31.10% at Rs 2.06 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Zinc futures.

S1: 410.13

S2: 408.72

PP: 411.37

R1: 412.78

R2: 414.02

MCX Silver futures finished slightly lower by 0.05% at Rs 185011.0 per kg in last session. The open interest in the counter gained 0.32%.Trading activity saw a steep decline of 95.95%. The counter is marginally higher by 0.72% in last one-week.

MCX iCOMDEX Silver index posted a slight decline of 0.10% to end at 20511.42. is lower by 18.73% in last one-month.

MCX Silver CE option for Rs 200000, moved up 0.50% at Rs 1997 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Dec-26 Silver futures.

S1: 184761.0

S2: 184511.0

PP: 185050.0

R1: 185300.0

R2: 185589.0

MCX Natural gas futures finished slightly higher by 0.07% at Rs 285.2 per MMBtu in last session. The open interest in the counter declined by 2.70%.Volume plunged by 95.64%. The counter has moved up by around 4.51% in last one-week.

MCX iCOMDEX Natural gas index lost 0.42% to end at 654.2. has eased by 14.79% in last one-month.

MCX Natural gas PE option for Rs 280, traded sharply lower by 9.16% at Rs 11.90 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Natural gas futures.

S1: 281.8

S2: 278.4

PP: 283.7

R1: 287.1

R2: 289.0

MCX Lead futures finished slightly lower by 0.15% at Rs 194.65 per kg in last session. The open interest in the counter recorded a significant rise of 10.16%.Volume posted steep losses of 94.12%. The counter has recorded a slight decline of 0.33% in last one-week.

MCX iCOMDEX Lead index saw a slight rise of 0.10% to end at 8757.54.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Lead futures.

S1: 194.53

S2: 194.42

PP: 194.77

R1: 194.88

R2: 195.12

MCX Gold futures closed down 0.02% at Rs 142520.0 per 10 gram in last session. The open interest in the counter dropped by 0.17%.Volume declined significantly by 92.49%. The counter has edged up by 1.69% in last one-week.

MCX iCOMDEX Gold index saw a slight decline of 0.14% to end at 34019.14.

MCX Gold CE option for Rs 160000, fell sharply by 5.14% at Rs 166 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Dec-26 Gold futures.

S1: 142222.0

S2: 141924.0

PP: 142461.0

R1: 142759.0

R2: 142998.0

MCX Crude oil futures ended slightly higher by 1.13% at Rs 8555.0 per barrel in last session. The open interest in the counter posted a slight decline of 3.96%.Trading activity dropped significantly by 97.34%. The counter has eased by 6.76% in last one-week.

MCX iCOMDEX Crude oil index decreased by 0.24% to end at 13855.15. The index has declined around 14.70% in last one-week

MCX Crude oil PE option for Rs 8000, declined slightly 2.30% at Rs 106.10 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Crude oil futures.

S1: 8489.0

S2: 8423.0

PP: 8542.0

R1: 8608.0

R2: 8661.0

MCX Copper futures finished down 0.04% at Rs 1338.8 per kg in last session. The open interest in the counter decreased by 0.12%.Volume registered a significant decline of 95.54%. The counter has moved lower by around 3.78% in last one-week.

MCX iCOMDEX Copper index rose by 0.03% to end at 19523.26.

MCX Copper CE option for Rs 1400, moved up 1.01% at Rs 6.99 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Copper futures.

S1: 1335.03

S2: 1331.27

PP: 1339.02

R1: 1342.78

R2: 1346.77

MCX Aluminium futures closed up 0.05% at Rs 330.1 per kg in last session. The open interest in the counter saw a decline of 8.97%.Volume recorded a steep drop of 97.81%. The counter is marginally lower by 0.41% in last one-week.

MCX iCOMDEX Aluminium index added 0.08% to end at 15636.51.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Aluminium futures.

S1: 329.5

S2: 328.9

PP: 330.2

R1: 330.8

R2: 331.5

Crude oil prices moved higher on Friday as Ukraine stepped up attacks on Russian refineries, raising concerns over potential supply disruptions. Prices had declined earlier in the week amid hopes that the US and Iran were moving closer to an agreement to bring the ongoing conflict to an end.

WTI crude futures had slipped to nearly a two-month low before recovering to settle just above $90 per barrel on Friday, leaving the overall outlook for the commodity mixed.

The recovery in global crude prices supported domestic futures during Sunday`s special Muhurat trading session. MCX crude oil futures gained more than 1% to settle at Rs 8,555 per barrel.

U.S. crude oil inventories contracted by 900,000 barrels during the week concluded October 30, the U.S. Energy Information Administration (EIA) reported Wednesday. The decline positioned commercial stockpiles at 409.8 million barrels, according to government data, representing a 4% deficit relative to the five-year average for the corresponding period. Total motor gasoline inventories decreased by 200,000 barrels, reversing a prior increase of 3.9 million barrels in the week preceding. Recent data indicated an uptick in average daily gasoline production to 9.7 million barrels.

MCX copper futures exhibited muted trading activity today as recent price declines limited potential gains. COMEX Copper futures remained proximate to a three-and-a-half-month low of $6.26 per pound, influenced by a downturn in equities on Friday. The metal registered a decline of approximately 3.50% over the preceding week. MCX copper futures are currently valued at Rs 1341.10 per kg, demonstrating a marginal daily increase.

MCX copper futures traded with limited gains, as continued weakness in international copper prices restricted the upside in domestic markets. The recent decline in global metal prices has kept buying interest subdued, preventing a stronger recovery in copper futures.

On the global front, COMEX copper futures remained near a three-and-a-half-month low of $6.26 per pound amid weakness in equity markets on Friday. The metal declined around 3.50% over the previous week, reflecting sustained pressure on global copper prices.

On the MCX, copper futures were trading at Rs 1,341.10 per kg, registering only a marginal gain for the session. The subdued movement indicates that domestic copper prices continue to take cues from the weakness in international markets.

COMEX Gold futures retreated following last week`s advance to a two-week peak. The metal briefly surpassed $4150 per ounce but relinquished those gains alongside a recovery in crude oil prices. This decline has positioned COMEX Gold below $4100 per ounce amidst persistent market volatility. MCX Gold futures are currently valued at Rs 142364 per 10 grams, reflecting a decrease of more than 1% during the previous session. Spot Gold is priced at Rs 140000 per 10 grams in Ahmedabad, exhibiting a year-to-date increase of approximately 16%. Prices experienced a notable downturn in recent weeks, and a resurgence in retail demand is possible if current levels are maintained, anticipating seasonal buying patterns. COMEX Silver has also retreated below $52 per ounce. MCX Silver futures concluded the last session near Rs 185000 per kg. Both metals are expected to demonstrate measured performance during today`s Muhurat trading session.

MCX copper futures exhibited muted trading activity today as recent price declines restricted substantial gains. COMEX Copper futures remained proximate to a three and a half month low of $6.26 per pound, influenced by weakness in equity markets on Friday. The metal registered a decline of approximately 3.50% over the previous week. MCX copper futures are currently valued at Rs 1341.10 per kg, demonstrating a marginal increase during the current session.

Crude prices advanced Friday following escalations in Ukraine`s attacks targeting Russian refineries. Oil had previously declined during the week amid optimism regarding a potential resolution to the conflict involving the US and Iran. WTI futures approached a two-month low but concluded Friday marginally above $90 per barrel, resulting in a complex market environment for the commodity. This recent increase spurred MCX crude oil futures higher today in the Muhurat trading session, with the counter concluding more than 1% higher at Rs 8555 per barrel.

The total open interest of MCX Copper futures for Nov-26 stood at 7423 lots as on 10.45 PM PM today compared to 7333 lots in last session. This accounted for a slight rise of 1.23% on the day. Total traded volume is 7986 lots, down by 18.96% on the day.

The total open interest of MCX Crude oil futures for Nov-26 stood at 7978 lots as on 10.30 PM PM today compared to 7610 lots in last session. This accounted for a marginal advance of 4.84% on the day. Total traded volume is 45923 lots, sharply lower by 27.58% on the day.

The total open interest of MCX Gold futures for Dec-26 stood at 15906 lots as on 10.15 PM PM today compared to 15732 lots in last session. This accounted for a modest increase of 1.11% on the day. Total traded volume is 6660 lots, down sharply by 29.75% on the day.

MCX Copper futures are are trading on a weak note, down 0.90% at Rs 1339 per kg right now. The counter was down 0.16% in the day session till 6.00 PM. MCX Copper futures slipped to an intraday low of Rs 1348 per kg today and have recorded a rise of 2.10% in the open interest. US equities are trading in positive territory with NASDAQ Composite is sharply higher by 1.66% on the day.MCX Copper is declining for two consecutive session.

In other metals, Zinc is modestly lower by 0.98% at Rs 410 per kg, Nickel is marginally lower by 0.31% at Rs 1534 per kg, Lead is down 0.26% at Rs 195 per kg while Aluminium is marginally lower by 0.12% at Rs 329 per kg.

MCX Zinc has added around 1.20% in the last one week followed by Copper, losing around 3.11%.

MCX Crude Oil futures are in negative territory today in evening trades. The benchmark MCX Nov-26 contract is marginally lower by 0.44% at Rs 8522 per barrel. US equities are firm with NASDAQ Composite is trading higher by 1.44% on the day. MCX Crude Oil futures hit a high of Rs 8740 per barrel today and have witnessed a significant 5.97% increase in open interest. MCX Crude oil is lower for two consecutive session. The counter inched up by 0.13% in the day session till 6.00 PM.

MCX Natural Gas is trading marginally lower by 0.18% at Rs 282 per MMBtu. The counter moved in a range of Rs 279-287 per MMBtu today. The open interest in the counter increased sharply by 4.80%.

Natural Gas has added around 0.11% in the last one week while Crude Oil has tumbled 11.83%.

MCX Gold futures are trading on a weak note today. The benchmark Dec-26 contract is lower by 1.15% at Rs 142440 per 10 grams. The intraday range was Rs 141444-142886 per 10 grams.The counter has improved by 1.05% over last one-week.

Silver is down 0.91% at Rs 185433 per kg. The open interest in the counter edged up by 1.58% to 16976 lots.

In global equities, US markets are set for a negative start. DOW futures have shed 1.04%. In Europe, CAC 40 tumbled 1.74% and DAX Performance Index slumped 1.88%.

MCX Gold futures for Dec-26 witnessed selling pressure today. The counter currently trades down 1.32% at Rs 1,42,200 per 10 grams with a 1.12% increase in open interest.

In other commodities, MCX Crude oil futures for Nov-26 fell 0.23% to trade at Rs 8,540 per barrel.

MCX Nov-26 Copper futures dropped 1.05% to trade at Rs 1,337 per kg.

MCX Natural Gas futures for Nov-26 are up 0.60% at Rs 283 per mmbtu with a 4.12% climb in open interest.

NCDEX Pepper futures eased 0.10% at Rs 785 per quintal today. The counter declined slightly by around 0.10% in last three-sessions. Open interest in the futures rose by 2.96% today and has rallied sharply by 23.01% in last one week. Spot Pepper edged up 0.44% to Rs 749.65 per quintal today and rose by nearly 3.44% over last one-month.It has crashed by around 98.94% in last one year.

NCDEX Castor futures fell slightly 0.18% at Rs 8385 per quintal today. The counter edged down around 0.18% in last three-sessions. Open interest in the futures dropped sharply by 11.43% today and has slumped by 25.46% in last one week.

NCDEX Guarseed futures edged down 0.30% at Rs 8276 per quintal today. The counter slipped by around 0.30% in last three-sessions. Open interest in the futures rallied sharply by 7.15% today and has jumped by 32.60% in last one week.

NCDEX Guar gum futures slipped 0.99% at Rs 16312 per quintal today. The counter eased by around 0.99% in last three-sessions. Open interest in the futures inched up by 1.44% today and has surged by 31.21% in last one week.

NCDEX Turmeric futures jumped 1.77% at Rs 28100 per quintal today. The counter climbed around 1.77% in last three-sessions. Open interest in the futures gained 2.25% today and has spiked by 5.15% in last one week. Spot Turmeric remained flat to Rs 24954.1 per quintal today and jumped around 17.33% over last one-month.It has jumped around 69.95% in last one year.

NCDEX Coriander futures spiked 1.71% at Rs 16498 per quintal today. The counter moved higher by around 1.71% in last three-sessions. Open interest in the futures is down slightly by 1.14% today and has inched lower by 1.47% in last one week.

NCDEX Jeera futures advanced 1.02% at Rs 28130 per quintal today. The counter moved up around 1.02% in last three-sessions. Open interest in the futures rallied sharply by 16.91% today and has jumped by 91.74% in last one week.

NCDEX Cotton seed oilcake futures rose slightly 0.16% at Rs 3704 per quintal today. The counter gained approximately 0.16% in last three-sessions. Open interest in the futures surged by 5.19% today and has soared by 15.45% in last one week.

COMEX Gold futures are exhibiting muted trading activity following a two-week peak in the prior session. The metal briefly surpassed $4150 per ounce but relinquished those gains amid a recovery in crude oil prices and a significant decline in equity markets. As a result, COMEX Gold has retreated below $4100 per ounce, presently quoted at $4080 per ounce, reflecting a 0.82% decline for the session. MCX Gold futures are valued at Rs 142455 per 10 grams, demonstrating a decrease of more than 1% on the day. Spot Gold is trading near Rs 120000 per 10 grams in Ahmedabad and has appreciated approximately 16% over the past year. Prices experienced a sharp downturn in recent weeks, and a potential increase in retail demand may materialize if current levels are maintained in the short term.

WTI crude futures dipped below $90 per barrel on Friday and were poised for a weekly decline exceeding 14%, as expectations of a potentially accelerated de-escalation of tensions in the Middle East, fueled by a decisive Democratic performance in the US midterm elections, exerted downward pressure on prices. Brent crude traded below $98, prolonging a turbulent week characterized by price swings within a nearly $20 range. Despite a recovery in the prior session, Brent was forecast to register a 15% weekly loss, the most significant since April 2020. A robust US dollar, hovering around 101.8, compounded the selling pressure in anticipation of the October US jobs report, following recent ADP data indicating 86,000 private-sector jobs were added in October, while initial jobless claims decreased to a 57-year low. In the domestic market, MCX November crude oil futures traded approximately 1.5% lower at Rs 8,445 per barrel.

Base metals demonstrated a decline across the market today. MCX Copper futures are currently valued at Rs 1333.75 per kg, a decrease of 1.29% on the day, building on a significant drop in the previous session. MCX Aluminium futures retreated 0.42% to Rs 328.45 per kg. MCX Zinc futures declined 1.07% to trade at Rs 409.90 per kg. MCX Lead futures decreased 0.69% to trade at Rs 193.70 per kg. MCX Nickel futures shed 1.11% to trade at Rs 1522.10 per kg.

The World Gold Council (WGC) reported in a recent update that global gold exchange-traded funds (ETFs) registered ongoing expansion, with US$2.7 billion in inflows during October, primarily driven by European funds. Global gold ETF holdings increased by 19 tonnes (t) to 4,275t, although assets under management (AUM) declined 6% to US$542 billion (bn), reflecting the decrease in the gold price throughout the month. Trading volumes in the global gold market experienced a pullback, largely attributed to reduced activity in exchange-traded derivatives. European funds spearheaded the inflows, while Asian investors maintained a net buying position, contrasting with marginal outflows observed in North America. Global gold ETFs’ aggregate holdings advanced 19t to 4,275t, marking another record level at month-end. Concurrently, AUM decreased as the lower gold price mitigated the effect of inflows. Year-to-date through the first ten months of the year, global gold ETFs accumulated US$41 billion, the third-largest on record, with holdings rising by 246t. European and Asian investors spearheaded global flows, each representing 44% and 45% of total net inflows, respectively. The UK registered the most substantial inflows at the country level, with China following closely.

LME lead inventories declined in the last session, maintaining a persistent downward trend. Lead stocks on the exchange decreased by 650 tonnes to 310250 tonnes on Thursday, nearing a three-and-half month low.

Precious metals maintained a downward trajectory following the release of robust US labor market data. The Bureau of Labor Statistics reported Friday that US nonfarm payrolls increased by a seasonally adjusted 165000 in Oct-26. The unemployment rate decreased to 4.1% and prior months’ payroll figures were significantly revised upward: The August figure was adjusted to 186000, an upward revision of 53000, while the September reading rose to 60,000 following an upward revision of 31000. This propelled the US dollar index above the 102 mark and exerted downward pressure on metals. COMEX Gold is at $4070 per ounce, down 1%, while Silver declined 0.79% to trade below $52 per ounce.

COMEX Copper futures retreated and remained proximate to a three and a half month low of $6.26 per pound, influenced by a decline in equity markets. The metal registered a decrease of approximately 3.50% for the week. Asian equities experienced substantial losses, with China’s Shanghai Composite Index declining 1.10%. Hong Kong’s Hang Seng index decreased 1.27%. Japan’s Nikkei 225 Index declined approximately 6% due to concerns within the technology sector. European equities broadly declined, with major indices losing over 1%. US equities plunged on Thursday, nullifying the earlier advances following the US midterm elections. Technology equities faced significant selling pressure amid apprehensions regarding a potential deceleration in the data-center boom. COMEX Copper decreased approximately 2.50% in the prior session, reflecting this broader market correction.

According to preliminary data released by Eurostat, the statistical office of the European Union, the seasonally adjusted retail trade volume experienced a decline of 0.7% in the euro area and 0.6% in the EU when compared to August 2026. This follows an expansion of 0.4% in both the euro area and the EU during August 2026. The calendar adjusted retail sales index registered an increase of 0.4% in the euro area and 0.9% in the EU when assessed against September 2025.

US Natural Gas futures advanced despite forecasts anticipating temperate US weather, which tempered significant upside momentum. The Energy Information Administration reported that working gas inventories in underground storage totaled 3,801 billion cubic feet as of Friday, October 30, 2026, a net increase of 77 Bcf from the previous week. Current stockpiles remain 2.8% below year-on-year levels but are up 1.4% relative to the five-year average. The commodity is presently valued at $3.01 per mmbtu, reflecting a 1.76% daily gain and nearing a one-week apex. MCX Natural Gas futures are trading at Rs 283.30 per mmbtu, displaying a 0.43% increase on the day`s trading.

Annual electric vehicle (EV) sales in Japan surpassed 100,000 units for the first time, propelled by government subsidies and a rise in consumer demand, the Kyodo News Agency reported. Data from local industry associations indicated that vehicle registrations surpassed 110,000 units in the period spanning January through October, underscoring a consistent shift towards sustainable mobility.

German industrial production rose 0.7% in September compared with August, according to data released Friday by Destatis, the country’s Federal Statistical Office. Year-over-year, industrial output advanced 0.4%.

Automotive manufacturing spearheaded the monthly expansion, with output in that segment advancing 17.1% on a month-over-month basis. Capital goods production increased 3% monthly, while the production of consumer goods registered a gain of 0.8%, and intermediate goods output rose by 0.1%.

Industrial output, bar energy and construction sectors, advanced 1.7% in September compared to the previous month.

MCX Gold futures for Dec-26 lost today. The counter had dropped 1.62% on the day yesterday to close at Rs 1,44,095 per 10 grams. It opened at Rs 1,42,161 per 10 grams today and currently trades down 1.62% at Rs 1,41,762 per 10 grams with a 0.02% contraction in open interest.

MCX Silver futures for Dec-26 are down 2.03% at Rs 1,83,339 per kg after plunging by 2.03% in last session.

House prices in the United Kingdom decreased by 1.2% in October compared to the same month in 2025, the Lloyds House Price Index report published on Friday showed. The reading marks the biggest annual decline in house prices since October 2023. On a monthly basis, housing prices fell 0.6% in October, with the average price standing at £2896,285. Compared to the previous trimester, house prices in the UK were down 0.5%.

NCDEX Pepper futures eased 0.03% at Rs 785 per quintal today. The counter inched lower by around 0.03% in last three-sessions. Open interest in the futures rose by 2.22% today and has surged by 22.12% in last one week.

NCDEX Cotton seed oilcake futures ticked lower 0.05% at Rs 3696 per quintal today. The counter edged down around 0.05% in last three-sessions. Open interest in the futures jumped by 3.04% today and has rallied sharply by 13.09% in last one week.

NCDEX Guar gum futures inched lower 0.20% at Rs 16442 per quintal today. The counter eased by around 0.20% in last three-sessions. Open interest in the futures ticked higher by 0.55% today and has spiked by 30.05% in last one week.

NCDEX Turmeric futures gained 1.37% at Rs 27990 per quintal today. The counter inched up around 1.37% in last three-sessions. Open interest in the futures rose slightly by 1.19% today and has soared by 4.06% in last one week.

NCDEX Coriander futures advanced 0.96% at Rs 16376 per quintal today. The counter gained approximately 0.96% in last three-sessions. Open interest in the futures edged higher by 0.28% today and has ticked lower by 0.06% in last one week.

NCDEX Castor futures edged up 0.40% at Rs 8434 per quintal today. The counter rose by nearly 0.40% in last three-sessions. Open interest in the futures fell slightly by 1.04% today and has nosedived by 16.72% in last one week.

NCDEX Jeera futures edged higher 0.13% at Rs 27880 per quintal today. The counter increased by around 0.13% in last three-sessions. Open interest in the futures surged by 4.19% today and has jumped by 70.87% in last one week.

NCDEX Cotton seed oilcake futures ticked higher 0.05% at Rs 3700 per quintal today. The counter moved up around 0.05% in last three-sessions. Open interest in the futures is up slightly by 0.99% today and has spiked by 10.85% in last one week.

COMEX Copper futures experienced a pronounced decline yesterday, reflecting weakness in US and European equity markets. The red metal touched a four month low, unwinding much of the advance observed in mid October. Asian markets are currently exhibiting downward pressure, and COMEX Copper futures are down 0.62% at $6.23 per pound.

Crude oil prices unwound a prior decline as a rebound from a two-month trough persisted. West Texas Intermediate crude advanced beyond $90 per barrel today. Attacks on tankers in the Gulf remain ongoing, and the oil market is characterized by supply-side concerns. Saudi Arabia, the world’s largest oil exporter, disseminated warnings on Thursday concerning potential hazards in Yanbu, its Red Sea oil export terminal, as Yemen’s Iran-aligned Houthis sustained attacks on the kingdom in another facet of the Iran conflict, media reports indicated.

Gold futures retreated today amid fluctuating trading activity. The precious metal had recovered from a year low, advancing beyond the key $4,000 per ounce level to a two-week peak, as Democratic gains in the US midterm elections bolstered expectations of a possible resolution to the US-Iran geopolitical tensions. The US dollar index registered a slight increase and crude oil prices saw a surge. This pressured COMEX Gold futures, resulting in a decline of 1.30% to $4060 per ounce. MCX December gold futures reached above Rs 145000 per 10 grams but are expected to face downward pressure today due to unsupportive international signals. Global prices are anticipated to remain constrained in anticipation of the Nonfarm payrolls data release.

Initial jobless claims in the United States for the week ending October 31 registered 189,000, a decline of 6,000 from the revised total of the prior week, the Department of Labor’s Thursday report indicated. The 4-week moving average was 194,750, reflecting a decrease of 2,250 from the previous week’s revised average.

The insured unemployment rate remained steady at 1.1% for the week concluding October 24, matching the previously reported figure without revision. The count of individuals receiving unemployment insurance was 1,718,000, reflecting an increase of 23,000 compared to the prior week. The 4-week moving average registered at 1,709,500, a gain of 1,000 from the adjusted average of the preceding four weeks.

MCX Zinc futures closed down 0.29% at Rs 413.8 per kg in last session. The open interest in the counter posted a slight decline of 1.65%.Volume saw a sharp decline of 26.89%. The counter has moved up by around 1.36% in last one-week.

MCX iCOMDEX Zinc index remained flat to end at 43310.69.

MCX Zinc PE option for Rs 400, dropped sharply by 12.46% at Rs 3.02 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Zinc futures.

S1: 410.78

S2: 407.77

PP: 415.02

R1: 418.03

R2: 422.27

MCX Silver futures finished down 0.23% at Rs 187300.0 per kg in last session. The open interest in the counter recorded a modest decline of 2.92%.Volume decreased by 15.12%. The counter has slipped by 0.91% in last one-week.

MCX iCOMDEX Silver index dropped by 0.02% to end at 20821.46. has edged down by 16.76% in last one-month.

MCX Silver PE option for Rs 170000, moved sharply higher by 7.47% at Rs 1626.50 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Dec-26 Silver futures.

S1: 184340.67

S2: 181381.33

PP: 187643.33

R1: 190602.67

R2: 193905.33

MCX Natural gas futures ended slightly higher by 0.14% at Rs 282.7 per MMBtu in last session. The open interest in the counter declined by 0.89%.Volume was down by 13.80%. The counter has gained 0.18% in last one-week.

MCX iCOMDEX Natural gas index added 0.21% to end at 647.07. is slightly lower by 11.44% in last one-month.

MCX Natural gas CE option for Rs 300, traded sharply lower by 9.95% at Rs 9.05 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Natural gas futures.

S1: 278.37

S2: 274.03

PP: 281.13

R1: 285.47

R2: 288.23

MCX Lead futures closed slightly higher by 0.13% at Rs 195.2 per kg in last session. The open interest in the counter remained flat.Volume posted steep losses of 68.52%. The counter is marginally lower by 0.38% in last one-week.

MCX iCOMDEX Lead index recorded a modest decline of 0.05% to end at 8771.03.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Lead futures.

S1: 194.62

S2: 194.03

PP: 195.28

R1: 195.87

R2: 196.53

MCX Gold futures closed slightly higher by 0.58% at Rs 144060.0 per 10 gram in last session. The open interest in the counter registered a marginal drop of 1.90%.Trading activity rose modestly by 4.82%. The counter is marginally higher by 0.45% in last one-week.

MCX iCOMDEX Gold index posted a slight decline of 0.01% to end at 34230.86.

MCX Gold PE option for Rs 120000, edged higher 2.19% at Rs 93.50 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Dec-26 Gold futures.

S1: 142903.67

S2: 141747.33

PP: 144506.33

R1: 145662.67

R2: 147265.33

MCX Crude oil futures ended higher by 2.44% at Rs 8568.0 per barrel in last session. The open interest in the counter posted a sharp decline of 27.38%.Trading activity saw a steep decline of 25.31%. The counter has declined by 13.85% in last one-week.

MCX iCOMDEX Crude oil index registered a marginal drop of 0.37% to end at 13717.89. The index has moved lower by 14.54% in last one-week

MCX Crude oil PE option for Rs 8000, slid 39.69% at Rs 155.60 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Crude oil futures.

S1: 8308.0

S2: 8048.0

PP: 8451.0

R1: 8711.0

R2: 8854.0

MCX Copper futures finished slightly lower by 1.14% at Rs 1352.4 per kg in last session. The open interest in the counter jumped by 14.13%.Volume dropped by 19.76%. The counter is marginally lower by 1.89% in last one-week.

MCX iCOMDEX Copper index moved down by 0.03% to end at 19954.16.

MCX Copper CE option for Rs 1400, slid 21.51% at Rs 10.11 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Copper futures.

S1: 1342.83

S2: 1333.27

PP: 1359.07

R1: 1368.63

R2: 1384.87

MCX Aluminium futures ended slightly higher by 0.44% at Rs 329.7 per kg in last session. The open interest in the counter moved down by 1.83%.Volume recorded a significant rise of 47.62%. The counter has edged down by 0.36% in last one-week.

MCX iCOMDEX Aluminium index posted a slight decline of 0.03% to end at 15555.97.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Aluminium futures.

S1: 327.68

S2: 325.67

PP: 330.32

R1: 332.33

R2: 334.97

The total open interest of MCX Copper futures for Nov-26 stood at 7164 lots as on 10.45 PM PM today compared to 6425 lots in last session. This accounted for a strong upward move of 11.50% on the day. Total traded volume is 9112 lots, sharply lower by 25.81% on the day.

The total open interest of MCX Crude oil futures for Nov-26 stood at 8595 lots as on 10.30 PM PM today compared to 10479 lots in last session. This accounted for a sharp slide of 17.98% on the day. Total traded volume is 56815 lots, significantly lower by 33.08% on the day.

The total open interest of MCX Gold futures for Dec-26 stood at 15841 lots as on 10.15 PM PM today compared to 16036 lots in last session. This accounted for a modest dip of 1.22% on the day. Total traded volume is 8741 lots, down slightly by 3.35% on the day.

MCX Copper futures are are in negative territory, lower by 0.83% at Rs 1357 per kg right now. The counter was down 0.54% in the day session till 6.00 PM. MCX Copper futures touched an intraday low of Rs 1375 per kg today and have seen a sharp increase of 6.69% in the open interest. US equities are sliding sharply with Dow Jones Industrial Average is slumping 2.10% on the day.MCX Copper is lower for two consecutive session.

In other metals, Nickel is up sharply by 2.01% at Rs 1530 per kg, Aluminium is marginally higher by 0.62% at Rs 330 per kg, Lead is slightly higher by 0.21% at Rs 195 per kg while Zinc is marginally lower by 0.34% at Rs 414 per kg.

Copper has eased around 2.74% in the last one week followed by MCX Zinc, down around 0.53%.

MCX Crude Oil futures are under strong buying support today in evening trades. The benchmark MCX Nov-26 contract is sharply higher by 1.66% at Rs 8503 per barrel. US equities are tumbling with Dow Jones Industrial Average is declining 1.45% on the day. MCX Crude Oil futures hit a high of Rs 8560 per barrel today and have witnessed a significant 16.61% decrease in open interest. MCX Crude oil rises up for third consecutive session. The counter edged higher by 0.59% in the day session till 6.00 PM.

MCX Natural Gas is slightly lower by 0.64% at Rs 280 per MMBtu. The counter moved in a range of Rs 277-282 per MMBtu today. The open interest in the counter gained modestly by 1.10%.

Crude Oil has tumbled 14.64% in the last one week while Natural Gas has eased around 3.68%.

MCX Gold futures are trading with gains today. The benchmark Dec-26 contract is higher by 1.19% at Rs 144939 per 10 grams. The intraday range was Rs 144555-146109 per 10 grams.The counter has slipped slightly by 0.33% over last one-week. The metal advanced by 2.71% in last session.

Silver is up 0.20% at Rs 188112 per kg. The open interest in the counter edged lower by 0.57% to 17116 lots.

In global equities, US markets are likely to open on a positive note. DOW futures have moved up 0.71%. In Europe, CAC 40 added 0.99% and FTSE 100 inched higher 0.66%.

MCX Copper futures are slightly lower by 0.16% at Rs 1366 per kg.

The US dollar index retreated toward the 101 level, probing a one-month trough in present trading and presently hovering around 101.40, virtually unchanged for the session. The dollar`s decline tracked a contraction in US Treasury yields, which fell on Wednesday in the wake of the Democratic party’s decisive victory in the US midterm elections. Investors are assessing the political realignment that spurred a significant downturn in crude oil prices as Democrats secured control of the House of Representatives and the Senate, fostering expectations of a swift resolution to the ongoing US-Iran conflict. The dollar index demonstrates volatility in advance of several pivotal releases. Traders will monitor addresses from several US Federal Reserve officials later today and will be closely observing the US nonfarm payrolls report tomorrow.

October witnessed a 5.4% upswing in new car registrations in the United Kingdom, according to a report released Thursday by the Society of Motor Manufacturers and Traders (SMMT).

Total registrations reached 152,730 units, comprised of 56,876 gasoline-powered vehicles and 48,858 registrations for battery electric vehicles (BEVs). BEV registrations advanced by 32.7% compared to the same month a year prior, while plug-in hybrid vehicles (PHEVs) demonstrated growth of 30.1%. Registrations of diesel cars declined 15.9% year-over-year.

Nearly one in three new vehicles registered in October exhibited electric powertrains – a significant advancement in the electrification transition, albeit one incurring substantial financial implications. The automotive sector and government entities are allocating billions to facilitate consumer adoption of electric vehicles, but the continuation of such subsidies faces limitations, with the shortfall relative to projected targets anticipated to exceed double the current deficit by 2028, coinciding with the implementation of a novel electric vehicle-specific levy, the report indicated.

Producer prices in the Eurozone increased 2.5% in September compared to August, while across the broader European Union, the index advanced 2.6% month-over-month, according to a report published Thursday by Eurostat, the statistical office of the European Commission. On a year-over-year basis, the figure ascended 11.1% in the euro area and 10.9% in the EU.

The Eurozone’s energy prices advanced 7.8% on a month-on-month basis, with durable consumer goods exhibiting a rise of 0.3%, while non-durable consumer goods and intermediate goods both registered increases of 0.2%, and capital goods prices were up by 0.1%.

Energy prices in the euro area registered a substantial annual increase of 30.8%, year-on-year, while intermediate goods saw a rise of 7.1%, durable consumer goods advanced 3.4%, and capital goods increased by 2.7%. Producer prices for non-durable consumer goods declined by 0.6%.

Gold futures advanced for a second straight day on Thursday, breaching the $4,000 per ounce level to reach a two-week high, underpinned by optimism surrounding a potential resolution to the US-Iran conflict following Democratic gains in the US midterm elections. A concurrent decline in crude oil prices, alongside a weaker US dollar and decreasing Treasury yields, amplified bullion`s attractiveness. The US dollar index retreated to approximately 101.3, building on the prior session’s depreciation. In the domestic market, MCX December gold futures increased 1.3% to Rs 1,45,100 per 10 grams. The recent pullback in domestic gold prices has also spurred a resurgence in festive demand, with consumers exhibiting a preference for lightweight jewelry and smaller-value acquisitions in advance of Dhanteras on November 6. Market participants are now focused on Friday`s US employment report for insights into the Federal Reserve’s monetary policy stance.

Germany’s factory orders advanced 4.4% in September compared to August, after seasonal and price adjustments, according to data released Thursday by the Federal Statistical Office Destatis. Year-over-year, new orders increased by 3.3%.

The expansion in manufacturing orders reflected a substantial upswing in new orders within the automotive sector, which advanced 10.5% month-over-month. New orders for consumer goods demonstrated a notable increase of 14.4%, while capital goods orders registered a rise of 5.3%, and intermediate goods orders increased 0.5% during the stated period.

Domestic orders exhibited a month-over-month expansion of 6.6%, with foreign orders advancing 2.8%, attributable to a 4.5% increase in orders from the euro area and a 1.6% rise in orders from regions outside the Eurozone.

WTI crude oil continued its pronounced decline on Thursday, descending toward $86 per barrel in Asian trade following a drop of almost 9% in the prior session, as markets evaluated the prospective ramifications of the Democrats’ comprehensive victory in the US midterm elections. The election results amplified anticipations that increasing political pressure on the Trump administration may expedite initiatives to conclude the war with Iran through a negotiated resolution, alleviating anxieties regarding protracted supply interruptions. Vice President JD Vance recognized voter discontent concerning the conflict as a contributing factor behind the Republicans’ lackluster showing, while Democratic Senate Minority Leader Chuck Schumer committed to advocating for a swift end to the war. Oil futures have now decreased by more than 15% during November, unwinding October’s 15% advance. On the domestic front, MCX November crude oil futures were trading approximately 2% lower at Rs 8,217 per barrel.

Mining giant Freeport, trading as FCX, revealed that its Board of Directors authorized a $4.5 billion expansion and modernization initiative for its wholly owned Bagdad copper and molybdenum asset in northwest Arizona. The brownfield project aims to realize the resource’s full potential and is anticipated to more than double Bagdad’s mining and milling rates. This investment is projected to elevate annual long-term copper production to over 400 million pounds per annum (an incremental output of roughly 225 million pounds per annum) and molybdenum production to over 20 million pounds per annum (an incremental output of 12 million pounds per annum). Freeport intends to implement advanced technologies, automation, and capitalize on existing infrastructure to enhance Bagdad’s long-term cost structure and operational performance. The expansion would establish Bagdad as the second-largest copper mine in the US, trailing behind FCX’s Morenci operation, alongside a leading US molybdenum producer and one of the lowest-cost operations within FCX’s US holdings.

Base metals exhibited erratic trading patterns during the session, although Nickel demonstrated a significant upward trajectory. MCX Copper futures are valued at Rs 1367 per kg, reflecting a 0.08% decline on the day, with intraday peaks around the Rs 1375 per kg level restricting gains. MCX Aluminium futures advanced 0.53% to Rs 330 per kg. MCX Zinc futures increased 0.55% to trade at Rs 417.30 per kg. MCX Lead futures retreated 0.08% to trade at Rs 194.80 per kg. MCX Nickel futures for Nov-26 registered a substantial rally, surging 2.66% to trade at Rs 1539.70 per kg.

LME Zinc inventories experienced a marked decline in the previous session. Stockpiles on the exchange decreased by 3900 tonnes, settling at 150450 tonnes on Wednesday, which represents a three-week low. Inventories are trending downward following a peak near a one and half year high last month.

The Bank of Japan may be transitioning toward a more adaptable strategy for monetary policy adjustments, as indicated by meeting minutes from September disclosed Thursday, with officials now considering the magnitude of forthcoming interest rate adjustments instead of adhering to predetermined 0.25 percentage point steps. Multiple policymakers cautioned that inflation has the potential to surpass the Bank of Japan’s 2% target and endorsed additional rate increases, while underscoring the necessity of a responsive posture to both domestic and international economic conditions. The BOJ elevated its policy rate to 1.25% from 1.0% in September prior to maintaining it at its October session. Disparate views among committee members regarding the timeline for continued policy restraint have fueled market expectations for another rate adjustment at the December 17–18 meeting.

Australia registered a trade surplus in September, amounting to 2.826 million Australian dollars ($1.99 billion), as detailed in a report released Thursday by the Australian Bureau of Statistics.

The figure decreased from the 495 million Australian-dollar surplus recorded in August.

Exports rose 2.3%, propelled by other mineral fuels and metals, while imports declined 3.3%, primarily attributable to non-monetary gold, civil aircraft, and confidentialised items.

Japan’s service sector sustained its expansion in October, as indicated by a S&P Global report released on Thursday, which showed the S&P Global Japan Services PMI at 51.7.

The seasonally adjusted reading retreated from the 52.0 recorded in September but maintained a position above the 50-point threshold, indicating ongoing sector expansion.

WTI Crude Oil futures declined for the second consecutive day on Thursday, trading just below $87 per barrel during the Asian session and proximate to a near one-month low following last session’s nearly nine percent decline.

MCX Gold futures for Dec-26 moved higher today. The counter currently trades up 1.33% at Rs 1,45,138 per 10 grams with a 0.27% drop in open interest.

In other commodities, MCX Crude oil futures for Nov-26 ended up 0.29% to trade at Rs 8,388 per barrel.

MCX Nov-26 Copper futures softened 0.12% to trade at Rs 1,366 per kg.

MCX Natural Gas futures for Nov-26 are easing 0.96% at Rs 279 per mmbtu with a 3.22% uptick in open interest.

Copper futures maintained a relatively stable position following a recovery from near the month`s low, as major U.S. stock indexes registered substantial gains. The industrial metal is currently valued at $6.45 per pound, reflecting a 0.25% increase on the day. Equities relinquished some gains toward the close of trading but concluded the session significantly higher; the Dow climbed 1,569.40 points, or 3 percent, to 53,356.12, the S&P 500 advanced 119.70 points, or 1.6 percent, to 7,688.62, and the Nasdaq rose 364.50 points, or 1.4 percent, to 25,736.51.

COMEX gold and silver continued their advance Thursday morning in Asia, spurred by the Democrats’ victory in the US midterm elections. The Democratic sweep in the US midterm elections weakened the US Dollar (USD) to over a one-month low on Wednesday, enhancing gold`s attractiveness. A pronounced move in crude oil prices is also seen to support precious metals. Market participants will, however, scrutinize the US September employment data later Friday for indications regarding the interest rate trajectory. The yellow metal is presently valued at $4146.60 an ounce, registering a 1.81% daily increase, while silver is up 1.77% at $53.21 per ounce.

Private payrolls in the United States advanced by 86,000 in October versus September, the ADP National Employment Report indicated on Wednesday. The reported figure exceeded consensus forecasts. Within the goods-producing sector, construction demonstrated an increase of 13,000 positions, while natural resources and mining experienced a decline of 8,000 and manufacturing decreased by 1,000. The services sector saw payrolls rise by 39,000 in trade, transportation, and utilities, with education and health services adding 28,000 and leisure and hospitality contributing 19,000. Professional and business services registered the largest payroll reduction in October, with a decrease of 27,000.

The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, released Wednesday, indicated that mortgage applications in the United States decreased 1.2% for the week concluding October 30.

The average contract interest rate for 30-year fixed-rate mortgages declined from 7.37% to 7.3% during the reported week. Refinance applications exhibited negligible movement, rising 0.1% while remaining 60% below levels recorded during the corresponding week a year ago. Purchase applications were 2% lower week-over-week and 19% lower on a year-over-year basis.

The U.S. trade deficit in goods and services narrowed by $0.7 billion, a decrease of 13.7%, to $105 billion in September, according to a report released on Wednesday by the Census Bureau and the Bureau of Economic Analysis (BEA). August’s deficit was revised downward to $105.7 billion.

US exports increased by 1.9%, equating to a $5.8 billion monthly rise, reaching $321.5 billion. Concurrently, imports advanced by 1.2%, representing a $5.2 billion increase, to $426.6 billion.

During the first nine months of 2026, the aggregate trade deficit narrowed by 12.2%, representing a reduction of $92.4 billion when compared to the corresponding period in 2025. Exports rose by 11.6%, equating to $297.3 billion, whereas imports expanded by 65.2%, totaling $204.9 billion.

The S&P Global’s final report on Wednesday indicated that the United States PMI Composite Output Index, reflecting combined services and manufacturing business activity, registered 55.9 in October, a decrease from the 58.4 reported in May. The Services PMI Business Activity Index was recorded at 56.1 for the cited month, receding from the 58.8 seen in the prior month while still signaling expansion.

NCDEX Guarseed futures ticked lower 0.05% at Rs 8314 per quintal today. The counter eased by around 0.05% in last three-sessions. Open interest in the futures edged higher by 1.66% today and has jumped by 42.52% in last one week. Spot Guarseed edged down 0.07% to Rs 8133.45 per quintal today and spiked around 19.35% over last one-month.It has rallied by around 69.85% in last one year.

Growth in the United States services sector persisted in October, according to data released Wednesday by the Institute for Supply Management (ISM). The ISM Services Purchasing Managers` Index (PMI) registered at 54.5% for October, a decline of 0.4 percentage points from the previous month.

The Business Activity Index registered a decrease of 2.7 percentage points, settling at 53.8%, as the New Orders Index decreased by 3.9 percentage points to 55.9%. The Employment Index advanced by 1.3 percentage points to 51.4%, maintaining its position in expansion territory. The Prices Index contracted by 1 percentage point to 73%.

NCDEX Turmeric futures surged 4.68% at Rs 27580 per quintal today. The counter zoomed up around 4.68% in last three-sessions. Open interest in the futures climbed by 2.18% today and has risen slightly by 1.36% in last one week. Spot Turmeric remained flat to Rs 24954.1 per quintal today and soared by around 17.33% over last one-month.It has soared by around 71% in last one year.

NCDEX Coriander futures soared 3.26% at Rs 16284 per quintal today. The counter jumped around 3.26% in last three-sessions. Open interest in the futures fell by 2.37% today and has edged lower by 0.67% in last one week.

NCDEX Guar gum futures jumped 1.79% at Rs 16626 per quintal today. The counter climbed around 1.79% in last three-sessions. Open interest in the futures surged by 4.62% today and has surged by 43.47% in last one week.

NCDEX Jeera futures spiked 1.75% at Rs 28140 per quintal today. The counter advanced by around 1.75% in last three-sessions. Open interest in the futures spiked by 25.32% today and has soared by 69.49% in last one week.

NCDEX Castor futures advanced 1.21% at Rs 8430 per quintal today. The counter inched up around 1.21% in last three-sessions. Open interest in the futures tumbled by 6.06% today and has slumped by 20.91% in last one week.

NCDEX Pepper futures ticked higher 0.79% at Rs 786 per quintal today. The counter edged up around 0.79% in last three-sessions. Open interest in the futures soared by 19.30% today and has rallied sharply by 23.64% in last one week.

NCDEX Cotton seed oilcake futures rose slightly 0.43% at Rs 3710 per quintal today. The counter increased by around 0.43% in last three-sessions. Open interest in the futures rose by 2.96% today and has jumped by 12.85% in last one week.

NCDEX Guarseed futures edged higher 0.38% at Rs 8350 per quintal today. The counter rose by nearly 0.38% in last three-sessions. Open interest in the futures rose slightly by 1.15% today and has spiked by 41.80% in last one week.

MCX Gold futures for Dec-26 ended up today. The counter had gained 1.28% on the day yesterday to close at Rs 1,43,234 per 10 grams. It opened at Rs 1,45,780 per 10 grams today and currently trades up 1.28% at Rs 1,45,070 per 10 grams with a 0.59% dip in open interest.

MCX Silver futures for Dec-26 are up 0.64% at Rs 1,88,939 per kg after rising by 0.64% in last session.

NCDEX Guar gum futures surged 1.75% at Rs 16620 per quintal today. The counter zoomed up around 1.75% in last three-sessions. Open interest in the futures inched up by 1.37% today and has soared by 39.01% in last one week.

NCDEX Jeera futures climbed 1.19% at Rs 27570 per quintal today. The counter moved up around 1.19% in last three-sessions. Open interest in the futures inched lower by 1.11% today and has dropped sharply by 16.79% in last one week.

NCDEX Turmeric futures gained 1.11% at Rs 26640 per quintal today. The counter edged up around 1.11% in last three-sessions. Open interest in the futures edged higher by 0.03% today and has inched lower by 0.78% in last one week.

NCDEX Guarseed futures moved higher 1% at Rs 8401 per quintal today. The counter rose by nearly 1% in last three-sessions. Open interest in the futures is down slightly by 0.70% today and has rallied sharply by 39.21% in last one week.

NCDEX Cotton seed oilcake futures advanced 0.87% at Rs 3726 per quintal today. The counter inched up around 0.87% in last three-sessions. Open interest in the futures surged by 3.46% today and has spiked by 13.40% in last one week.

NCDEX Coriander futures rose 0.82% at Rs 15900 per quintal today. The counter gained approximately 0.82% in last three-sessions. Open interest in the futures eased by 0.18% today and has inched higher by 1.56% in last one week.

NCDEX Castor futures ticked higher 0.50% at Rs 8371 per quintal today. The counter increased by around 0.50% in last three-sessions. Open interest in the futures ticked lower by 0.87% today and has tumbled by 16.54% in last one week.

NCDEX Pepper futures rose slightly 0.42% at Rs 783 per quintal today. The counter moved up around 0.42% in last three-sessions. Open interest in the futures rallied sharply by 4.39% today and has jumped by 8.18% in last one week.

US Natural Gas storage increased by 77 billion cubic feet (BCF) during the week concluding October 30, reaching a total of 3,801 Bcf, according to the Energy Information Administration (EIA)’s report released on Thursday. Compared to the year prior, gas inventories decreased by 2.8%, equating to 109 Bcf, from a total of 3,910 Bcf. Inventories advanced by 1.4%, or 54 Bcf, above the five-year average of 3,747 Bcf. Total working gas remains within the established five-year historical range.

US-based employers declared 43,994 job cuts in October, a 2% increase from the 43,281 cuts announced in September. Nevertheless, this figure is down 71% from the 153,074 job cuts announced in October 2025, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & Christmas. October layoffs represent the lowest level for the month since 2023. October’s aggregate total is the lowest for the month since 2023, when 36,836 cuts were announced, and below the 56,348 average for October from 2015 to 2025. It marks the eighth month this year in which reductions were below those recorded in the corresponding month a year prior.

The Monetary Policy Committee (MPC) of the Bank of England determined a course of action with an 8–1 vote to raise the Bank Rate by 0.25 percentage points, bringing it to 4%. One committee member advocated for a more aggressive increase, proposing a 0.5 percentage point rise to 4.25%. The central bank observed that conflict in the Middle East has persisted for nine months. Global energy prices have continued to advance from already high levels. UK CPI inflation registered at 3.5% in September. Projections now indicate inflation will reach approximately 5% by the midpoint of next year. This marks the initial adjustment to borrowing costs by the Bank of England in over three years.

The Bank of England underscored that the trajectory of monetary policy remains data-dependent. The Committee will maintain its evaluation of incoming information at each meeting, with a particular focus on the potential for elevated energy prices to propagate through the price level and the broader economy. This assessment will involve scrutinizing the progression of underlying wage dynamics, pricing strategies, and resource utilization. The Bank Rate will be adjusted as warranted to secure a return of CPI inflation to the 2% target over the medium term.

COMEX Copper futures held near a two-week low despite a weak US dollar, though advances were constrained by increased LME Copper stockpiles. The counter is presently valued at $6.42 per pound, exhibiting a slight daily decline. MCX Copper futures are quoted at Rs 1368.45 per kg, demonstrating negligible movement throughout the day. Equities in Asia displayed mixed performance; China’s Shanghai Composite Index advanced 2.16%. Hong Kong’s Hang Seng index rose 1.67%. Japan’s Nikkei 225 Index retreated approximately 1.40%. European markets registered substantial gains, with the German DAX index climbing over 1%. US equities rallied Wednesday following the conclusion of the US midterm elections, while oil prices retreated on expectations that a Democratic victory could expedite a resolution to the US-Iran conflict.

MCX Zinc futures closed slightly higher by 0.91% at Rs 415.0 per kg in last session. The open interest in the counter recorded a decline of 6.08%.Volume recorded a decline of 15.96%. The counter has recorded a slight decline of 1.43% in last one-week.

MCX iCOMDEX Zinc index increased by 0.02% to end at 42908.89.

MCX Zinc PE option for Rs 400, fell sharply by 13.84% at Rs 3.86 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Zinc futures.

S1: 409.85

S2: 404.7

PP: 413.65

R1: 418.8

R2: 422.6

MCX Silver futures closed sharply higher by 4.52% at Rs 187812.0 per kg in last session. The open interest in the counter increased by 2.18%.Volume climbed sharply by 29.86%. The counter is marginally lower by 7.53% in last one-week.

MCX iCOMDEX Silver index edged up by 0.01% to end at 19923.95. The index has edged down by 8.56% in last one-week and has registered a drop of 20.33% in last one-month.

MCX Silver PE option for Rs 170000, tumbled 56.98% at Rs 1526.50 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Dec-26 Silver futures.

S1: 180941.33

S2: 174070.67

PP: 184470.67

R1: 191341.33

R2: 194870.67

MCX Natural gas futures finished higher by 2.48% at Rs 281.4 per MMBtu in last session. The open interest in the counter declined by 1.55%.Volume registered a rise of 18.45%. The counter is slightly lower by 6.31% in last one-week.

MCX iCOMDEX Natural gas index lost 0.04% to end at 631.0. has eased by 13.86% in last one-month.

MCX Natural gas CE option for Rs 300, soared 13.45% at Rs 9.70 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Natural gas futures.

S1: 273.87

S2: 266.33

PP: 278.73

R1: 286.27

R2: 291.13

MCX Lead futures finished slightly higher by 0.36% at Rs 194.9 per kg in last session. The open interest in the counter edged up by 2.69%.Volume rose sharply by 48.97%. The counter has eased by 1.57% in last one-week.

MCX iCOMDEX Lead index moved up by 0.03% to end at 8730.56.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Lead futures.

S1: 193.98

S2: 193.07

PP: 194.77

R1: 195.68

R2: 196.47

MCX Gold futures ended sharply higher by 2.72% at Rs 143251.0 per 10 gram in last session. The open interest in the counter declined by 1.60%.Volume moved higher by 16.17%. The counter has slipped by 2.96% in last one-week.

MCX iCOMDEX Gold index edged lower by 0.04% to end at 33337.16.

MCX Gold PE option for Rs 120000, slid 47.70% at Rs 91 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Dec-26 Gold futures.

S1: 140478.67

S2: 137706.33

PP: 141949.33

R1: 144721.67

R2: 146192.33

MCX Crude oil futures tumbled 7.73% at Rs 8400.0 per barrel in last session. The open interest in the counter recorded a modest increase of 4.24%.Volume moved up by 6.88%. The counter has slipped by 7.08% in last one-week.

MCX iCOMDEX Crude oil index saw a slight decline of 0.05% to end at 14884.6.

MCX Crude oil CE option for Rs 9000, moved sharply lower 61.53% at Rs 188.30 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Crude oil futures.

S1: 8024.33

S2: 7648.67

PP: 8606.67

R1: 8982.33

R2: 9564.67

MCX Copper futures ended slightly higher by 0.22% at Rs 1368.45 per kg in last session. The open interest in the counter saw a slight rise of 0.48%.Volume was higher by 10.80%. The counter is slightly lower by 2.93% in last one-week.

MCX iCOMDEX Copper index lost 0.03% to end at 19916.98.

MCX Copper CE option for Rs 1400, moved slightly lower 0.92% at Rs 12.96 in last session.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Copper futures.

S1: 1348.5

S2: 1328.55

PP: 1361.45

R1: 1381.4

R2: 1394.35

MCX Aluminium futures ended slightly higher by 0.52% at Rs 328.25 per kg in last session. The open interest in the counter witnessed a drop of 5.85%.Volume posted steep losses of 22.92%. The counter is down around 1.14% in last one-week.

MCX iCOMDEX Aluminium index posted a slight decline of 0.02% to end at 15473.06.

Based on yesterday’s closing prices, here are the daily pivot levels for the MCX Nov-26 Aluminium futures.

S1: 325.07

S2: 321.88

PP: 327.53

R1: 330.72

R2: 333.18