Choice Commodity Research

Gold Update Gold prices edge up as softer US PCE inflation reduced October Fed rate hike bets to 38%. Easing oil prices provided further support, though multi-decade high Treasury yields capped gains as markets still price in a December rate increase. -Choice Broking

Crude Oil Update Crude prices fell as Middle East shipments neared pre-war levels, driven by higher Strait of Hormuz flows and restored Saudi pipeline capacity. However, ongoing U.S.-Iran tension over the waterway keeps markets cautious, while OPEC+ is expected to hold November quotas steady. -Choice Broking

India S&P Global Manufacturing PMI (Sep) Actual: 55.1 Expected: 55.7 Previous: 52.8 Overall, Data offers support to prevent rupee depreciation.

Sumeet Bagadia’s Desk:Buy SILVERMIC|30NOV26 in Commodity @ 228696.00 SL 227600.00 TGT 230888.00

Sumeet Bagadia’s Desk : Stopped Out @ 6330.00...Sell in Commodity ELECDMBL|30OCT26 @ 6275.00 SL 6330.00 TGT 6165.00

Sumeet Bagadia’s Desk : Exit @ 287.30...Sell in Commodity NATURALGAS|27OCT26 @ 287.50 SL 289.00 TGT 284.50

Natural Gas Weather Update The southern US will see warm temperatures in the 70s–80s, with tropical remnants bringing rain mid-to-late week. The rest of the nation remains pleasant with highs mostly in the 60s–80s, driving low national demand over the next seven days. Negative for Natural gas prices.

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in GOLDM|05NOV26

Copper Update Chile’s copper output dropped 12.8% year-on-year in August 2026 to 369.5 metric tons, hitting a 15-year low. Severe winter storms and port disruptions drove the decline, deepening physical market tightness from the world’s top copper producer. Positive for Copper. -Choice Broking

Sumeet Bagadia’s Desk:Sell ELECDMBL|30OCT26 in Commodity @ 6275.00 SL 6330.00 TGT 6165.00

Sumeet Bagadia’s Desk:Sell NATURALGAS|27OCT26 in Commodity @ 287.50 SL 289.00 TGT 284.50

Sumeet Bagadia’s Desk : Book Part Profit @ 148700.00...Buy in Commodity GOLDM|05NOV26 @ 148515.00 SL 148260.00 TGT 149025.00

Sumeet Bagadia’s Desk:Buy GOLDM|05NOV26 in Commodity @ 148515.00 SL 148260.00 TGT 149025.00

Dollar Update The Dollar Index climbed to 101.61, marking a 14-week high and reaching its strongest level since June 2026. -Choice Broking

Sumeet Bagadia’s Desk : Target Achieved @ 338.10...Sell in Commodity ALUMINIUM|30OCT26 @ 340.40 SL 341.10 TGT 339.00

Global Market Heatmap Global markets were mixed, with U.S. equities gaining modestly as the S&P 500, Nasdaq 100 and Dow Jones moved higher, while European indices declined. Asian markets were stronger, led by the Nikkei 225. Treasury yields edged higher across maturities, with the 10-year yield at 4.23%. In commodities, crude oil remained under pressure, with WTI near $89.65 and Brent around $97.38, while natural gas also declined. Gold was largely steady near $4,191, whereas silver gained around 1.2%. Base metals were mixed, with aluminium and copper lower. The dollar index strengthened to around 101.33.

Sumeet Bagadia’s Desk:Exit @226700...Sell SILVERMIC|30NOV26 in Commodity @ 227482.00 SL 229850.00 TGT 222746.00