India's metal index extends record rally as commodity prices surge

HindalCo Industries

29/01/2026 04:55

** India's metal sub-index .NIFTYMET gains 1.9% to hit a record high; twelve of 15 constituents gain

** The index is up for the third straight session, supported by a surge in global metal prices amid geopolitical risks and a weak dollar MET/L

** Hindustan Copper HCPR.NS top gainer on index, rises 11% to an all-time high

** National Aluminium Company NALU.NS rises 3%, Hindalco HALC.NS gains 1.8% and Hindustan Zinc HZNC.NS up 1%

     ** The benchmark three-month copper on the London Metal Exchange CMCU3 jumps 6.7% to an all-time high of $13,967.50 a ton

** Spot gold XAU= shot up 3.6% to a record high of $5,591.61 per ounce, while spot silver XAG= hit a record of $119.34 an ounce. GOL/

** .NIFTYMET has gained 10.4% so far in January, following 29.1% gains in 2025

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))