Commodity Market Update

Advisory Bazaar Info Services

💱 Rupee Update

The Indian rupee is expected to trade flat today as markets await fresh New Year flows. The USD/INR pair is likely to remain in the 89.94–89.96 range.

In 2025, the rupee was the worst-performing currency in Asia. Going forward, direction will depend on US–India trade developments and FPI flows. Asian currencies remain under pressure, with the Chinese yuan as an exception.

🥇 Precious Metals

• Gold up 0.8% to $4,346.69/oz

(64% record annual gain in 2025 – the highest since 1979)

• Silver up 2.1% to $72.75/oz

(147% record annual gain)

• Platinum: $2,057.74/oz

• Palladium: $1,642.90/oz

Bullish drivers: expectations of Fed rate cuts, geopolitical tensions, central bank buying, and ETF inflows.

🛢️ Crude Oil

• Brent: $60.99/bbl

• WTI: $57.56/bbl

After a nearly 20% decline in 2025, prices are seeing a mild recovery today. Support comes from Russia–Ukraine tensions and US sanctions on Venezuela.

⚙️ Base Metals

• Copper up 0.8% to $12,525/MT

(40%+ record gain in 2025)

• Aluminium: $2,992 ▼

• Zinc: $3,121 ▲

• Lead: $2,012 ▲

• Tin: $40,545 (flat)

• Nickel: $16,750 ▲

🔋 Nickel Update

Nickel rose to $16,851/MT, the highest level since October 2024.

• Last 4 weeks: +12.86%

• Last 12 months: +10.16%

📌 Key Events to Watch Ahead:

UK House Price Data; Manufacturing PMI data from Europe and the US.