Commodity Market Update

Advisory Bazaar Info Services

Base Metals

Copper: Copper may remain volatile amid rising inventories and easing spreads ahead of the U.S. Federal Reserve policy decision. Prices may move in the 1360–1380 range.

Aluminium: Aluminium may trade with a mixed bias, with prices expected to move in the 347–353 range. Higher exports from China and Indonesia may partly offset production losses in the Gulf region.

Bullion

Gold: Gold prices may remain firm as oil prices ease and traders await the Federal Reserve’s policy decision. Gold (Oct) may move in the ₹1,50,500–₹1,52,000 range.

Silver: Silver (Dec) may trade in the ₹2,33,000–₹2,40,000 range.

Energy

Crude Oil: Crude may trade under pressure following an unexpected rise in U.S. crude inventories, while supply risks related to Saudi Arabia remain in focus. Prices may move in the ₹9,900–₹10,200 range.

Natural Gas: Natural gas may trade with a mixed bias in the ₹275–₹285 range.

Market Conclusion

Overall, volatility is likely to remain elevated across commodities, with the U.S. Federal Reserve decision, inventory data and Middle East geopolitical developments acting as key market triggers.