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10 of 13 key commodities dip in Samvat 2078 after hitting multi-year peak

The basket of ferrous and non-ferrous metals, too, saw sharp swings in Samvat 2078

Gas pipeline, gas
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The Russia-Ukraine war led to a supply disruption

Viveat Susan Pinto Mumbai
Samvat 2078 dashed hopes for most industrial commodities, with prices of metals, crude oil and natural gas falling sharply. Many of these had seen a good build up in prices since mid- to late-2020s, and hit a multi-year peak in 2022. But, geopolitics, the Russia-Ukraine war, China slowdown and a strong US dollar have weighed on the prices in recent times.

Energy: Samvat 2078 was marked by volatility as far as the energy markets were concerned. The Russia-Ukraine war led to a supply disruption. This pushed up the price of crude oil as well as natural gas, fuelling inflation. For instance,