Wednesday, August 19
Shares of Hindustan Copper rallied as much as 5% to their day’s high of Rs 570 per share on January 5, after LME copper prices gained nearly 3% per metric ton on Monday. With today’s gain, the counter is for a third consecutive session and has risen 10% over the same period.Fundamentally, the backdrop for copper remains supportive. Dipan Mehta, Director at Elixir Equities, described the copper market as being in a fantastic growth phase as demand is being driven by AI infrastructure, data center buildouts, and global green energy transitions. Supply-side risks remain significant, with halted operations at Freeport-McMoRan’s Grasberg mine in Indonesia, responsible for 3% of global output, and labor unrest in Chile and Peru.He noted that higher realisations from dollar-linked contracts
Gold and silver prices opened sharply higher on Monday, reflecting a global rush toward safe-haven assets after the United States’ dramatic intervention in Venezuela over the weekend. On the MCX, silver futures for March delivery surged nearly Rs 10,000 per kg in early trade, while gold futures rose over Rs 2,000 per 10 grams.MCX silver futures jumped 4.18% to Rs 2,46,198 per kg, while MCX gold February futures gained 1.5% to Rs 1,37,795 per 10 grams, as investors flocked to bullion amid escalating US–Venezuela tensions.Gold and silver extended their bullish momentum after the US captured Venezuelan President Nicolas Maduro over the weekend, triggering heightened geopolitical uncertainty and a sharp flight to safety.With global investors seeking refuge in precious metals, both gold and
