COMMODITY PRICES
Gold gains 3% as dollar slides after Democratic midterm gains
On Wednesday, gold prices surged by 3%, reaching impressive new levels following the midterm elections, during which Democrats secured control of both the Senate and House. This political transformation, combined with a weaker dollar, heightened gold and precious metals demand. Investors are keenly watching for the upcoming US non-farm payrolls report, as rising interest rates and ongoing fiscal risk concerns continue to influence market sentiment.
Coca-Cola HBC raises 2026 revenue growth forecast on strong demand
Coca-Cola HBC has upgraded its annual organic revenue growth outlook, driven by successful pricing strategies and heightened consumer demand. In the third quarter, the company achieved a notable 9% organic revenue growth, surpassing the anticipated 8%. This surge was propelled by effective promotional initiatives tied to the FIFA World Cup and increased summer demand.
Silver prices jump over 4% to reclaim $51/oz as Democrats secure US midterm victory. What’s happening?
Silver prices surged over 4% to reclaim the $51/oz mark after Democrats secured a victory in the US midterm elections, weakening the dollar and Treasury yields. However, HSBC expects further gains to be limited as silver trades close to levels justified by fundamentals. Industrial and jewellery demand may weaken, while institutional buying and supply constraints could offer support.
Gold and silver prices correct ahead of Diwali: Buying opportunity or a trap?
Gold and silver have corrected sharply from record highs, but their long-term fundamentals remain supportive. Investors with a longer horizon may consider staggered accumulation, with gold and silver potentially recovering toward $4,750 and $75, respectively, by Diwali 2027.
MCX shares tumble 7% even as Q2 net profit surges 130% YoY, revenue more than doubles
MCX shares fell nearly 7% despite reporting 130% growth in second-quarter net profit and a 114% rise in revenue. Jefferies said EBITDA was largely in line with estimates, while higher technology costs and taxes affected the results.
ETMarkets Smart Talk| Gold, silver or copper? Tata MF fund manager suggests a 50:30:20 commodity allocation: Tapan Patel
In this edition of ETMarkets Smart Talk, we speak with Tapan Patel, Fund Manager – Commodities at Tata Asset Management, who shares his outlook on gold, silver, copper and crude oil, explains the changing dynamics driving commodity prices, and suggests a 50:30:20 allocation to gold, copper and silver, respectively, for investors looking to build a commodity portfolio for the long term.
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MCX Q2 Results: Profit rockets 130% YoY to Rs 455 crore, revenue jumps 114%
Multi Commodity Exchange of India reported a 130% year-on-year jump in Q2FY26 consolidated net profit to Rs 454.57 crore, while revenue surged 114%. EBITDA rose 151%, margins expanded and shares touched a fresh 52-week high.

Gold price crashes on Election Day, Silver drops: Will Gold rate fall further after US midterm elections 2026 results?
Election Day Gold rate: Gold price was down on Tuesday as investors seem to be waiting for US midterm elections 2026 results for Donald Trump-led Republicans and Democrats.

Two Trades for Today: A capital markets stock for 6.75% gain, a large-cap commodities platform for a rise of 7%
Our technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical calls for today.

India may reimpose broken rice export restrictions as prices cross $360 per tonne: IREF
India may reimpose restrictions on exports of 100% broken rice as international prices cross $360 per tonne and domestic demand from ethanol manufacturers and poultry-feed producers increases, the Indian Rice Exporters' Federation (IREF) has warned. No fresh curbs have been announced so far.

ETMarkets Smart Talk | Gold for ballast, silver for growth; avoid industrial commodities in core portfolios: Saish Sawant
In this edition of ETMarkets Smart Talk, Saish Sawant, Research Analyst–Commodities at Emkay Global Financial Services, breaks down the contrasting moves across gold, crude and copper.

US manufacturing strengthens in October, input prices stay high
US manufacturing activity accelerated in October, with the ISM manufacturing PMI rising to 55.5 from 54.5 in September, beating Reuters-polled economists' expectations. Strong consumer and AI-related business spending supported growth, but factory input prices remained elevated at 75.2, reinforcing concerns that US inflation could stay above the Federal Reserve's 2% target.

Why traders are moving away from equity F&O to commodities? Nithin Kamath explains
Commodity derivatives traders in India surged nearly 62% to 21 lakh in FY26, while equity F&O participants fell 20% to 85 lakh. Zerodha's Nithin Kamath cited commodity volatility, options popularity and extended MCX trading hours.

Gold price prediction today: Gold down for 3rd consecutive day. Check outlook for November 2
Gold and silver prices experienced mixed movements on MCX ahead of Diwali due to inflation fears. Rising inflation triggered expectations for a potential US Federal Reserve interest rate hike later this year. Federal Reserve officials have suggested further interest rate increases are needed to address inflation. Silver futures gained while gold futures saw a decline in the domestic market.

India’s consumers are back, its stocks aren’t: Srinivasan Sivabalan
Amid the vibrant festive season in India, consumer demand is soaring, prompting businesses to boost sales and raise prices accordingly. However, rising costs are pressuring profit margins, causing a decline in investor confidence. The stock market struggles to reflect the upbeat consumer activity, signaling a potential need for a resolution to the Iran war and governmental intervention to promote stability.

Nifty 50 vs S&P 500 vs Brazil Bovespa vs Japan Nikkei: Which share market performed the best in last 10 years
Welcome to TrendMap, your quick guide to investment performance. This edition tracks 10 years of global equity returns. Currency fluctuations impact the returns on foreign investments. To capture the real value from an Indian investor’s standpoint, these returns are adjusted to reflect their equivalent in Indian rupees. The key takeaway: no market dominates—diversification matters. By Sameer Bhardwa

Gold price prediction: Gold rate continues to fall or will bear movement end after US midterm elections results? Experts make forecast
Gold rate forecast: US midterm elections 2026 and any escalation involving the US, Israel and Iran could play pivotal role in dictating the Gold price movement this year.

US oil companies aim to squeeze more out of refineries as war supply crunch weighs
US oil companies are enhancing refinery capacities and reopening closed plants due to global supply disruptions. ExxonMobil and Chevron reported record profits, attributed to soaring commodity prices and refinery margins. Additionally, ongoing conflicts have severely impacted refining output, particularly in Russia and Iran. Analysts suggest that it may take until next year for supply chains to stabilize.

Suzlon Energy cuts operating margin guidance to 15%
Suzlon Energy reported a 1.3% year-on-year increase in consolidated net profit to Rs 394 crore for the September quarter of FY27. Net profit in the year-ago quarter stood at Rs 389 crore, excluding a deferred tax benefit of Rs 891 crore that had taken reported profit to Rs 1,279 crore.

Godrej consumer profit rises 14%, weighs calibrated price hikes to offset inflation
Godrej Consumer Products is bracing for rising commodity inflation as it approaches the December quarter, driven by escalating costs. The firm expects to raise prices on soaps and liquid detergents to sustain its growth trajectory. Aasif Malbari, the chief, mentioned a significant single-digit inflationary effect on operations in India and Indonesia.

Godrej Consumer bets on new categories amid commodity inflation
Godrej Consumer Products is entering new categories such as stain removers and premium hair color. The company has introduced Godrej Zap and Hair Lab as part of this expansion. It reported significant sales growth in existing categories, particularly in home care and personal care. Rising commodity prices have led to necessary price increases across the portfolio.

Wendy’s draws buyout bid as beef costs and burger rivalry weigh on business
Wendy’s shares jump after Nelson Peltz’s Trian Fund Management offers $7.35 per share to take the burger chain private, as the company faces high beef costs, weaker consumer demand, store closures and intensifying competition in the US fast-food market.

World Bank sees commodity prices surging 23% in 2026 on Middle East war
Commodity prices were projected to rise 23% in 2026 as the Middle East war disrupted energy supplies and shipping, while grain disruptions and safe haven demand pushed food and metals prices higher. The World Bank warned that further conflict escalation and a severe El Niño could intensify inflation and food security risks.

World Bank sounds alarm on food crisis as energy shock and El Nino push commodity prices up 23%
Global commodity prices are projected to rise significantly in 2026, driven by conflict in the Middle East and supply disruptions. Energy prices are likely to escalate by 32% due to decreased oil supply and increased consumption. Food prices are expected to increase about 10% in 2026 due to rising farm costs and disrupted grain shipments. The World Bank emphasizes the urgency of supporting vulnerable countries facing economic hardships.

Hindustan Unilever to take calibrated price hikes as commodity inflation stays high, says CEO Priya Nair
Hindustan Unilever has raised prices by around 7.5% in response to rising input costs across its portfolio. Despite these increases, consumer demand remains strong in both urban and rural areas of India. The company is focusing on balancing further price adjustments with cost savings through procurement and supply-chain efficiencies. Positive indicators of economic resilience include electricity demand and GST collections, alongside improved rural demand.

Hyundai Motor India's Q2 profit falls 24% as commodity costs blunt tax-cut boost to demand
Hyundai Motor India reported a profit drop of 24% in the second quarter due to increased raw material costs. Rising commodity prices for materials like copper and steel squeezed profitability despite strong vehicle demand. The company's profit after tax for the quarter was Rs 1,196 crore, down from Rs 1,572 crore the previous year. Total revenue increased significantly to Rs 20,696 crore, marking a record quarter.

Silver rate has fallen 50% from its record-high January rate; should you buy now or wait?
Silver prices have witnessed a sharp decline in the Multi Commodity Exchange, resulting in considerable losses for investors. Experts believe that a price recovery may occur within the next 12 to 18 months. New investors are advised to adopt a gradual buying strategy, while existing investors should hold steady and resist the urge to sell in haste.

Trading starts on LME's first contract from Shanghai exchange collaboration
The London Metal Exchange's new hot-rolled coil steel contract began trading on Tuesday, marking the first product from its collaboration with the Shanghai Futures Exchange. More than 550 lots traded in the first two active months, while two 2027 contracts were held back over a potential technical issue.

Maruti Suzuki flags West Asia-linked commodity costs as margins come under pressure
Maruti Suzuki India achieved record quarterly sales in the September quarter despite facing profitability challenges. The company reported a significant decline in operating earnings due to increasing material costs and adverse foreign exchange movements. While domestic sales grew substantially, net profit also experienced a decline compared to the previous year. The firm's efforts to manage costs were not sufficient to offset the impacts of rising expenses.
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