India's metal index hits record high, tracking commodity prices

HindalCo Industries

28/01/2026 06:32

** India's metal sub-index .NIFTYMET gains 2.37% to hit a record high; benchmark Nifty 50 index .NSEI is up 0.55%

** The index is up for the second straight session, tracking a rise in global metal prices on the back of a weaker U.S. dollar

** Hindustan Copper HCPR.NS top gainer on index, up 11%

** National Aluminium Company NALU.NS rises 5%, Hindalco HALC.NS gains 4%

** Hindustan Zinc HZNC.NS pares losses despite offer-for-sale at discount, last down 0.23%

     ** The benchmark three-month copper on the London Metal Exchange CMCU3 jumps 1.69% to $13,226.50 a ton MET/L

** Spot gold XAU= jumped 1.1% to $5,243.58 per ounce, as of 0314 GMT, after scaling a record high of $5,247.21 earlier, up more than 20% since the start of the year GOL/

** Spot silver XAG= was up 1.9% at $115.11 an ounce, after hitting a record high of $117.69 on Monday

** In 2025, metal index gained 29% vs Nifty 50's 10.5% gain

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))