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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 that began towards the end of February led to 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,

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First Published: Oct 24 2022 | 6:10 AM IST

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