Choice Commodity Research

Bullion Update Several large Indian mutual funds issued public notices late on Thursday suspending bulk ​subscriptions to gold exchange-traded funds, just ahead of the festive season when ‌investor demand typically rises. Mildly Bearish for Bullion. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERM|30NOV26 in Commodity @ 216031.00 SL 215400.00 TGT 217293.00

*Daily LME Stock Update* LME stocks: zinc +7,225 tonnes; nickel -2,076 tonnes; copper -1,175 tonnes; lead -525 tonnes; aluminium -250 tonnes; tin -95 tonnes. -Choice Broking

Copper Update Antofagasta reported a 7.6% drop in first-quarter copper production due to lower grades and recoveries at Centinela. Consequently, the Chilean miner lowered its 2026 output guidance to 625,000–655,000 tons from an earlier estimate of 650,000–700,000 tons. -Choice Broking

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30OCT26 in Commodity @ 325.00 SL 324.25 TGT 326.50

Sumeet Bagadia’s Desk : Target Achieved @ 147168.00...Buy in Commodity GOLDM|05NOV26 @ 146855.00 SL 146700.00 TGT 147165.00

Sumeet Bagadia’s Desk : Book Part Profit @ 146980.00...Buy in Commodity GOLDM|05NOV26 @ 146855.00 SL 146700.00 TGT 147165.00

Sumeet Bagadia’s Desk : Stopped Out @ 304.50...Buy in Commodity NATURALGAS|27OCT26 @ 306.80 SL 304.50 TGT 311.40

Sumeet Bagadia’s Desk:Buy GOLDM|05NOV26 in Commodity @ 146855.00 SL 146700.00 TGT 147165.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in ZINC|30OCT26

Sumeet Bagadia’s Desk:Buy NATURALGAS|27OCT26 in Commodity @ 306.80 SL 304.50 TGT 311.40

Sumeet Bagadia’s Desk : Book Part Profit @ 418.65...Buy in Commodity ZINC|30OCT26 @ 417.90 SL 417.00 TGT 419.70

Copper Update Copper futures climbed as a weaker dollar, Chilean mine disruptions, and robust demand prospects from AI infrastructure, semiconductors, and energy storage supported prices. -Choice Broking

Copper Update Anglo American CEO told the Financial Times that tech giants are seeking investments to secure metal supplies. Positive for Copper. -Choice Broking

Sumeet Bagadia’s Desk:Buy ZINC|30OCT26 in Commodity @ 417.90 SL 417.00 TGT 419.70

Dollar Update The US dollar index fell below 102 as concerns over slowing AI capital expenditure weighed on markets. Despite strong US economic data, rising expectations of further Federal Reserve rate hikes were reinforced by hawkish warnings from Cleveland Fed President Beth Hammack. -Choice Broking

Sumeet Bagadia’s Desk : Book Part Profit @ 215265.00...Buy in Commodity SILVERMIC|30NOV26 @ 213502.00 SL 211299.00 TGT 217908.00

Global Market Snapshot Global markets traded mixed, with US indices showing marginal gains in the Dow Jones and S&P 500, while the Nasdaq slipped. European markets remained firm, led by gains in the DAX and Euro Stoxx 50, while the VIX rose. In energy, Crude oil prices declined, with WTI near $95.93 and Brent at $105.49, while natural gas also weakened. Bullion and industrial metals gained, with gold rising 0.49%, silver 1.06%, copper 0.89%, and platinum 1.26%. In currencies, the US dollar index edged lower to 101.81, while the euro and pound remained broadly stable.