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Commodities market closing: gold at ₹158,588.00 falls 0.64%, silver at ₹271,483.00 down 1.24%, natural gas drops 4.55% to ₹276.90

Arunika Jain — Fri, 22 May 2026 18:05:15 +0000

Gold prices on the MCX closed at ₹158,588.00, marking a decrease of 0.64% from its opening level of ₹159,498.00. Silver also saw a decline, ending the day at ₹271,483.00, down 1.24% from its opening price of ₹273,800.00. The market movements were influenced by various factors, including fluctuations in the strength of the US dollar, which often impacts precious metal prices.

Precious metals

Gold experienced a volatile session, with prices reaching a high of ₹159,498.00 and a low of ₹158,104.00. The trajectory throughout the day showed fluctuations, with prices peaking around 10:00 IST before gradually declining. Silver mirrored this trend, with a high of ₹275,225.00 and a low of ₹269,500.00. The Gold Mini contract also saw a decrease, closing at ₹158,099.00, down 0.57% from its opening price of ₹158,390.00.

Energy commodities

In the energy sector, crude oil prices fell to ₹9,218.00, a 1.33% decline from the opening level of ₹9,415.00. The day’s high was ₹9,555.00, while the low was ₹9,054.00. Natural gas experienced the most significant movement, dropping 4.55% to close at ₹276.90, down from an opening of ₹292.20. This commodity reached a high of ₹295.50 and a low of ₹276.20 during the session.

Base metals

Among base metals, zinc was the only commodity to register a gain, closing at ₹370.25, up 0.76% from its opening of ₹369.45. Copper ended slightly lower at ₹1,344.30, a marginal decrease of 0.06% from its opening price of ₹1,346.90. Aluminium closed at ₹385.50, down 0.32% from its opening level of ₹386.05.

Commodity	Open	High	Low	Current	Change %
Gold	159,498.00	159,498.00	158,104.00	158,588.00	-0.64%
Silver	273,800.00	275,225.00	269,500.00	271,483.00	-1.24%
Natural Gas	292.20	295.50	276.20	276.90	-4.55%
Crude Oil	9,415.00	9,555.00	9,054.00	9,218.00	-1.33%
Zinc	369.45	372.60	366.10	370.25	+0.76%
Gold Mini	158,390.00	158,944.00	157,625.00	158,099.00	-0.57%
Aluminium	386.05	390.90	383.50	385.50	-0.32%
Copper	1,346.90	1,354.05	1,340.00	1,344.30	-0.06%

Outlook

As the commodities market continues to react to global economic cues, investors are advised to keep an eye on the strength of the US dollar, which remains a key driver for precious metals. Energy commodities, particularly natural gas, may continue to exhibit volatility, influenced by supply and demand dynamics. Base metals could see further movement based on industrial demand and global economic conditions.

Data as on May 22, 2026, 11:35 PM IST.

Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.

Commodities market late session: gold at ₹158,750.00 down 0.54%, silver at ₹272,163.00 falls 0.99%, natural gas at ₹279.10 drops 3.79%

Kinjal — Fri, 22 May 2026 16:30:14 +0000

In the latest session of the commodities market, gold prices have seen a decline, closing at ₹158,750.00, marking a 0.54% decrease from the opening level of ₹159,498.00. Silver also experienced a downturn, ending the session at ₹272,163.00, down 0.99% from its opening price of ₹273,800.00. The market movements come amid broader fluctuations, with natural gas notably dropping to ₹279.10, a significant 3.79% decrease from its opening.

Precious metals

Gold experienced a fluctuating session with its price trajectory showing a peak at ₹159,498.00 and a low at ₹158,104.00. The precious metal’s movement reflects ongoing market dynamics, possibly influenced by external factors such as currency strength. Silver followed a similar pattern, reaching a high of ₹275,225.00 and a low of ₹269,500.00. The Gold Mini variant also saw a decrease, closing at ₹158,105.00, down 0.57% from its opening.

Energy commodities

Crude oil prices closed at ₹9,298.00, a 0.47% decrease from its opening price of ₹9,415.00, after reaching a high of ₹9,555.00 and a low of ₹9,140.00. Natural gas, however, was the most affected, with its price dropping to ₹279.10 from an opening of ₹292.20, marking a 3.79% decline, influenced by market volatility.

Base metals

In the base metals segment, copper saw a slight increase, closing at ₹1,345.35, a marginal 0.02% rise from its opening of ₹1,346.90. Aluminium ended the session at ₹385.95, down 0.21% from its opening of ₹386.05. Zinc, however, showed a positive movement, closing at ₹369.80, up 0.64% from its opening price of ₹369.45.

Commodity	Open	High	Low	Current	Change %
Gold	159,498.00	159,498.00	158,104.00	158,750.00	-0.54%
Silver	273,800.00	275,225.00	269,500.00	272,163.00	-0.99%
Natural Gas	292.20	295.50	278.60	279.10	-3.79%
Zinc	369.45	372.60	366.10	369.80	+0.64%
Gold Mini	158,390.00	158,944.00	157,625.00	158,105.00	-0.57%
Crude Oil	9,415.00	9,555.00	9,140.00	9,298.00	-0.47%
Aluminium	386.05	390.90	383.50	385.95	-0.21%
Copper	1,346.90	1,354.05	1,340.00	1,345.35	+0.02%

Outlook

Looking ahead, market participants will be closely monitoring external factors such as currency fluctuations and global economic indicators that could influence commodity prices. The strength of the US dollar remains a key driver for precious metals, while energy commodities may continue to react to supply and demand dynamics.

Data as on May 22, 2026, 10:00 PM IST.

Commodities market evening session: gold at ₹158,903.00 down 0.44%, silver at ₹271,807.00 down 1.12%, crude oil at ₹9,449.00 up 1.15%

Kinjal — Fri, 22 May 2026 11:30:15 +0000

In today’s commodities market, gold prices decreased to ₹158,903.00, marking a 0.44% decline from the opening level of ₹159,498.00. Silver also saw a drop, closing at ₹271,807.00, a 1.12% decrease from its opening price of ₹273,800.00. Meanwhile, crude oil prices rose to ₹9,449.00, reflecting a 1.15% increase, making it the most significant mover in today’s session.

Precious metals

Gold experienced a downward trajectory throughout the day, opening at ₹159,498.00 and reaching a low of ₹158,816.00. Despite some fluctuations, it ended the session at ₹158,903.00. Silver followed a similar pattern, opening at ₹273,800.00 and hitting a low of ₹271,567.00 before closing at ₹271,807.00. The gold mini contract also saw a slight decline, closing at ₹158,472.00, down 0.34% from its opening of ₹158,390.00.

Energy commodities

Crude oil prices showed strength, opening at ₹9,415.00 and peaking at ₹9,555.00 before settling at ₹9,449.00. Natural gas, however, faced a decline, closing at ₹287.00, down 1.07% from its opening of ₹292.20, with a low of ₹286.10.

Base metals

In the base metals segment, zinc prices increased by 0.69%, closing at ₹370.00 from an opening of ₹369.45. Aluminium saw a modest rise to ₹387.55, up 0.21% from its opening of ₹386.05. Copper, however, experienced a slight decline, closing at ₹1,342.90, down 0.16% from its opening of ₹1,346.90.

Commodity	Open	High	Low	Current	Change %
Gold	159,498.00	159,498.00	158,816.00	158,903.00	-0.44%
Silver	273,800.00	275,225.00	271,567.00	271,807.00	-1.12%
Crude Oil	9,415.00	9,555.00	9,330.00	9,449.00	+1.15%
Natural Gas	292.20	295.50	286.10	287.00	-1.07%
Zinc	369.45	372.60	366.10	370.00	+0.69%
Gold Mini	158,390.00	158,944.00	158,200.00	158,472.00	-0.34%
Aluminium	386.05	390.90	383.50	387.55	+0.21%
Copper	1,346.90	1,354.05	1,342.25	1,342.90	-0.16%

Outlook

As the commodities market closes, investors will be watching the ongoing fluctuations in energy prices, particularly crude oil, which has shown resilience today. The performance of precious metals, especially gold and silver, will continue to be influenced by global economic cues and currency movements. Base metals are expected to remain sensitive to industrial demand and supply chain developments.

Data as on May 22, 2026, 05:00 PM IST.

Commodities market afternoon: gold at ₹159,051.00 falls 0.35%, silver at ₹272,588.00 drops 0.83%, crude oil at ₹9,500.00 rises 1.69%

Kinjal — Fri, 22 May 2026 09:00:19 +0000

In the commodities market this afternoon, gold prices have decreased to ₹159,051.00, marking a 0.35% decline from the opening level. Silver also saw a decline, with prices falling to ₹272,588.00, down 0.83% from its opening. Meanwhile, crude oil emerged as the most notable mover, climbing to ₹9,500.00, a 1.69% increase from the start of the session.

Precious metals

Gold experienced fluctuations throughout the session, reaching a high of ₹159,498.00 and a low of ₹158,816.00. The precious metal’s trajectory showed some volatility, with prices peaking at ₹159,420.00 before settling lower. Silver followed a similar downward trend, hitting a high of ₹275,225.00 and a low of ₹271,771.00. The gold mini contract also saw a slight decline, with current prices at ₹158,520.00, down 0.31% from its opening of ₹158,390.00.

Energy commodities

Crude oil prices have shown strength, with a significant rise to ₹9,500.00, reaching a high of ₹9,555.00 and a low of ₹9,330.00. This increase of 1.69% from the opening level of ₹9,415.00 highlights the commodity’s upward momentum. Natural gas, however, experienced a decline, with current prices at ₹288.40, down 0.59% from its opening of ₹292.20, after reaching a high of ₹295.50 and a low of ₹287.60.

Base metals

In the base metals segment, copper prices have edged up to ₹1,348.60, a 0.26% increase from the opening price of ₹1,346.90. Aluminium also saw a modest rise, with current prices at ₹387.65, up 0.23% from its opening of ₹386.05. Zinc prices increased to ₹370.00, marking a 0.69% rise from the opening level of ₹369.45, after hitting a high of ₹372.60 and a low of ₹366.10.

Commodity	Open	High	Low	Current	Change %
Gold	159,498.00	159,498.00	158,816.00	159,051.00	-0.35%
Silver	273,800.00	275,225.00	271,771.00	272,588.00	-0.83%
Crude Oil	9,415.00	9,555.00	9,330.00	9,500.00	+1.69%
Zinc	369.45	372.60	366.10	370.00	+0.69%
Natural Gas	292.20	295.50	287.60	288.40	-0.59%
Gold Mini	158,390.00	158,944.00	158,200.00	158,520.00	-0.31%
Copper	1,346.90	1,354.05	1,345.55	1,348.60	+0.26%
Aluminium	386.05	390.90	383.50	387.65	+0.23%

Outlook

The commodities market today reflects mixed trends, with crude oil showing significant gains while precious metals and natural gas face downward pressure. Investors will continue to monitor global cues, including currency fluctuations and economic indicators, which could influence future price movements across these commodities.

Data as on May 22, 2026, 02:30 PM IST.

Commodities market update: gold at ₹159,040.00 falls 0.35%, silver at ₹273,201.00 drops 0.61%, crude oil at ₹9,438.00 rises 1.03%

Arunika Jain — Fri, 22 May 2026 06:30:12 +0000

In the latest trading session on the Multi Commodity Exchange (MCX), gold prices have declined to ₹159,040.00, marking a decrease of 0.35% from the opening level of ₹159,498.00. Silver also experienced a downward movement, currently priced at ₹273,201.00, a 0.61% drop from its opening value of ₹273,800.00. Meanwhile, crude oil has shown a positive trend, rising by 1.03% to reach ₹9,438.00, making it the most significant mover among the commodities.

Precious metals

Gold’s trading session has been marked by fluctuations, with an early low of ₹158,816.00 and a high of ₹159,498.00. The trajectory showed a peak at ₹159,420.00 before settling lower. The gold mini contract also saw a slight decline, opening at ₹158,390.00 and currently trading at ₹158,557.00, reflecting a 0.28% decrease. Silver’s trading range has been between ₹272,016.00 and ₹275,225.00, indicating volatility in the precious metals market.

Energy commodities

Crude oil has demonstrated resilience, opening at ₹9,415.00 and climbing to a high of ₹9,490.00, with a low of ₹9,330.00. The current price of ₹9,438.00 represents a 1.03% increase, highlighting strong demand. Natural gas, however, has decreased by 0.55%, with its current price at ₹288.50, down from an opening of ₹292.20. The trading range for natural gas has been between ₹287.70 and ₹295.50.

Base metals

In the base metals sector, copper has seen a modest increase of 0.49%, currently priced at ₹1,351.65, up from an opening of ₹1,346.90. Aluminium has also gained, trading at ₹388.15, a 0.36% rise from its opening level of ₹386.05. Zinc has shown a positive trend, with a 0.65% increase, currently at ₹369.85, after opening at ₹369.45.

Commodity	Open	High	Low	Current	Change %
Gold	159,498.00	159,498.00	158,816.00	159,040.00	-0.35%
Silver	273,800.00	275,225.00	272,016.00	273,201.00	-0.61%
Crude Oil	9,415.00	9,490.00	9,330.00	9,438.00	+1.03%
Zinc	369.45	372.60	366.10	369.85	+0.65%
Natural Gas	292.20	295.50	287.70	288.50	-0.55%
Copper	1,346.90	1,354.05	1,345.55	1,351.65	+0.49%
Aluminium	386.05	390.90	383.50	388.15	+0.36%
Gold Mini	158,390.00	158,944.00	158,200.00	158,557.00	-0.28%

Outlook

The commodities market is currently influenced by various factors, including fluctuations in the US dollar, which impacts gold and silver prices. Investors are advised to monitor these cues closely, as they can significantly affect market dynamics. The energy sector, particularly crude oil, remains robust, while base metals show mixed trends. Continued observation of global economic indicators will be crucial for future market assessments.

Data as on May 22, 2026, 12:00 PM IST.

MCX commodities on May 22: Silver falls 0.46%, gold slips 0.27%, crude oil gains 0.66%

Aditya Bhagchandani — Fri, 22 May 2026 03:34:51 +0000

MCX commodity prices traded mixed on Friday, May 22, with precious metals remaining under pressure while crude oil prices rebounded amid uncertainty surrounding US-Iran peace negotiations and Strait of Hormuz supply concerns.

MCX Gold June futures fell below the Rs 1.60 lakh per 10 grams mark and were trading at Rs 1,59,183, down Rs 423 or 0.27%.

MCX Silver July futures declined Rs 1,269 to Rs 2,73,614 per kg, down 0.46%, although international silver prices continued to hold above $76 an ounce.

Silver prices remained volatile as markets tracked developments around the US-Iran negotiations. Tehran reportedly stated that the latest US proposal had narrowed differences between the two nations. However, disagreements over Iran’s enriched uranium stockpile and control over shipping routes through the Strait of Hormuz continued to keep investors cautious.

Despite Friday’s stability, silver prices globally remain nearly 20% lower since the conflict began due to concerns that energy-driven inflation could force central banks to maintain tighter monetary policies.

Meanwhile, MCX Crude Oil futures traded higher at Rs 9,404 per barrel, up Rs 62 or 0.66%, tracking gains in international oil benchmarks.

Brent crude futures climbed over 2% to around $104.96 per barrel, while WTI crude traded near $98.08, as traders doubted the prospects of a breakthrough in US-Iran peace talks. Markets also remained worried about ongoing disruptions through the Strait of Hormuz, through which nearly 20% of global energy supplies previously transited.

MCX Copper futures traded at Rs 1,347.80, up 0.20%, while Zinc futures gained 0.52% to Rs 369.35 per kg. Aluminium futures also edged higher by 0.31% to Rs 387.95.

On the other hand, MCX Natural Gas futures slipped 0.45% to Rs 288.8 amid elevated US gas storage levels and weaker LNG export activity. US natural gas prices fell below $3 per MMBtu after the EIA reported a larger-than-expected storage build of 101 bcf for the week ended May 15.

Commodity markets are likely to remain volatile as investors continue tracking geopolitical developments, inflation risks, oil supply disruptions and global central bank rate expectations.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Commodity and stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.

Commodities market live: gold at ₹158,775.00 falls 0.77%, silver at ₹269,249.00 drops 1.83%, crude oil at ₹9,873.00 rises 4.33%

Yash Agarwal — Thu, 21 May 2026 14:00:19 +0000

In the latest trading session, gold prices have decreased to ₹158,775.00, marking a 0.77% decline from its opening level. Silver also experienced a downturn, falling 1.83% to ₹269,249.00. Meanwhile, crude oil has shown a notable upward movement, climbing 4.33% to ₹9,873.00, reflecting significant activity in the commodities market.

Precious metals

Gold, opening at ₹158,974.00, reached a high of ₹160,378.00 and a low of ₹157,959.00 during the session. The trajectory of gold prices throughout the day showed fluctuations, with a notable decline towards the session’s end. Silver, opening at ₹272,275.00, recorded a high of ₹273,196.00 and a low of ₹268,750.00. The precious metal market saw downward pressure, possibly influenced by cues from USD strength. Gold Mini also saw a decrease, closing at ₹158,265.00, down 0.68% from its opening of ₹157,362.00.

Energy commodities

Crude oil prices surged, opening at ₹9,599.00 and reaching a high of ₹9,911.00. The commodity’s strong performance, closing at ₹9,873.00, reflects a significant 4.33% increase. Natural gas also saw an uptick, rising 1.17% to ₹294.80 from an opening of ₹292.20, with a high of ₹295.50 and a low of ₹289.20.

Base metals

In the base metals segment, copper closed slightly higher at ₹1,336.10, despite a 1.18% decrease from its opening of ₹1,332.05. Aluminium showed positive movement, increasing by 0.63% to ₹388.50 from an opening of ₹384.45. Zinc, however, experienced a slight decline, closing at ₹366.70, down 1.00% from its opening of ₹366.95.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	158,775.00	-0.77%
Silver	272,275.00	273,196.00	268,750.00	269,249.00	-1.83%
Crude Oil	9,599.00	9,911.00	9,384.00	9,873.00	+4.33%
Copper	1,332.05	1,355.50	1,332.00	1,336.10	-1.18%
Natural Gas	292.20	295.50	289.20	294.80	+1.17%
Zinc	366.95	372.60	365.55	366.70	-1.00%
Gold Mini	157,362.00	159,550.00	157,152.00	158,265.00	-0.68%
Aluminium	384.45	390.90	383.50	388.50	+0.63%

Outlook

The commodities market today has been marked by significant movements, particularly in crude oil, which has seen a substantial rise. The precious metals sector, however, faced downward pressure, possibly due to a stronger USD. Investors will be closely monitoring these trends and any further developments in currency markets that could impact commodity prices.

Data as on May 21, 2026, 07:30 PM IST.

Commodities market evening session: gold at ₹159,253.00 falls 0.47%, silver at ₹270,278.00 drops 1.45%, crude oil at ₹9,725.00 surges 2.77%

Yash Agarwal — Thu, 21 May 2026 11:30:16 +0000

In the evening session of the commodities market on 21 May 2026, gold prices experienced a decline, settling at ₹159,253.00, marking a 0.47% drop from its opening level of ₹158,974.00. Silver also saw a decrease, closing at ₹270,278.00, down 1.45% from its opening price of ₹272,275.00. Meanwhile, crude oil emerged as the most notable mover, climbing 2.77% to ₹9,725.00 from its opening price of ₹9,599.00, reflecting strong market dynamics.

Precious metals

Gold’s trajectory throughout the session showed fluctuations, with prices reaching a high of ₹160,378.00 and a low of ₹157,959.00. The precious metal’s movement was influenced by various market cues, including USD strength. Silver followed a similar pattern, with its high and low recorded at ₹273,196.00 and ₹269,601.00, respectively. The gold mini contract also saw a decline, closing at ₹158,686.00 from an opening of ₹157,362.00, despite reaching a high of ₹159,550.00.

Energy commodities

Crude oil prices surged significantly, closing at ₹9,725.00, a 2.77% increase from the opening. The commodity hit a high of ₹9,787.00 and a low of ₹9,384.00 during the session. Natural gas, however, saw a slight decrease, closing at ₹291.10, down 0.10% from its opening price of ₹292.20, with a high of ₹293.30 and a low of ₹289.20.

Base metals

In the base metals segment, copper prices closed at ₹1,341.85, reflecting a 0.75% decline from its opening level of ₹1,332.05. Aluminium prices increased by 0.87%, closing at ₹389.40 from an opening of ₹384.45, with a high of ₹390.90. Zinc prices also saw a slight increase, ending the session at ₹369.10, up 0.35% from the opening price of ₹366.95.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	159,253.00	-0.47%
Silver	272,275.00	273,196.00	269,601.00	270,278.00	-1.45%
Crude Oil	9,599.00	9,787.00	9,384.00	9,725.00	+2.77%
Aluminium	384.45	390.90	383.50	389.40	+0.87%
Copper	1,332.05	1,355.50	1,332.00	1,341.85	-0.75%
Gold Mini	157,362.00	159,550.00	157,152.00	158,686.00	-0.42%
Zinc	366.95	372.60	365.55	369.10	-0.35%
Natural Gas	292.20	293.30	289.20	291.10	-0.10%

Outlook

The commodities market continues to be influenced by global economic indicators and currency fluctuations, particularly the strength of the USD, which impacts precious metals like gold and silver. Investors will be closely watching these factors as they navigate the market dynamics in the coming days.

Data as on May 21, 2026, 05:00 PM IST.

Commodities market afternoon: gold at ₹159,550.00 falls 0.28%, silver at ₹271,321.00 drops 1.07%, crude oil at ₹9,604.00 rises 1.49%

Arunika Jain — Thu, 21 May 2026 09:00:20 +0000

In the afternoon trading session on the Multi Commodity Exchange (MCX), gold prices have seen a slight decline, currently standing at ₹159,550.00, marking a 0.28% decrease from the opening level of ₹158,974.00. Silver has also experienced a downturn, with prices at ₹271,321.00, down 1.07% from its opening. Meanwhile, crude oil has bucked the trend, rising to ₹9,604.00, a 1.49% increase from its opening price, highlighting its position as the most moved commodity today.

Precious metals

Gold has shown a varied trajectory throughout the session, starting at ₹158,974.00 and reaching a high of ₹160,378.00 before settling at its current level. The precious metal’s movement reflects fluctuations influenced by market dynamics. Silver, opening at ₹272,275.00, hit a high of ₹273,196.00 and a low of ₹269,717.00, indicating a downward trend. The Gold Mini contract is also trading lower at ₹158,890.00, a 0.29% decrease from its opening price of ₹157,362.00.

Energy commodities

Crude oil has shown resilience, currently priced at ₹9,604.00, up 1.49% from its opening of ₹9,599.00. The commodity reached a high of ₹9,656.00, reflecting strong market demand. Natural gas remains relatively stable, with a slight decline to ₹291.40 from its opening of ₹292.20, showing no significant percentage change.

Base metals

In the base metals sector, aluminium is trading higher at ₹390.10, a 1.05% increase from its opening of ₹384.45. Copper has seen a slight decline, currently at ₹1,342.25, down 0.72% from its opening price of ₹1,332.05. Zinc is marginally up at ₹370.30, showing a minimal change of -0.03% from its opening level of ₹366.95.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	159,550.00	-0.28%
Silver	272,275.00	273,196.00	269,717.00	271,321.00	-1.07%
Crude Oil	9,599.00	9,656.00	9,450.00	9,604.00	+1.49%
Aluminium	384.45	390.35	383.50	390.10	+1.05%
Copper	1,332.05	1,355.50	1,332.00	1,342.25	-0.72%
Gold Mini	157,362.00	159,550.00	157,152.00	158,890.00	-0.29%
Zinc	366.95	372.60	365.55	370.30	-0.03%
Natural Gas	292.20	293.30	290.30	291.40	+0.00%

Outlook

The commodities market continues to be influenced by various factors, including global economic conditions and currency fluctuations. Investors are closely watching the movement of the US dollar, which can significantly impact gold and silver prices. As the session progresses, market participants will be keenly observing any developments that could drive further changes in commodity prices.

Data as on May 21, 2026, 02:30 PM IST.

Commodities market update: gold at ₹159,550.00 falls 0.28%, silver at ₹271,478.00 down 1.02%, crude oil at ₹9,591.00 gains 1.35%

Kinjal — Thu, 21 May 2026 06:30:15 +0000

In the latest trading session on the Multi Commodity Exchange (MCX), gold prices have decreased to ₹159,550.00, marking a decline of 0.28% from the opening level. Silver also saw a downturn, with its price dropping to ₹271,478.00, a decrease of 1.02% from its opening. Meanwhile, crude oil prices have risen, reaching ₹9,591.00, reflecting a 1.35% increase from the start of the session.

Precious metals

Gold opened at ₹158,974.00 and fluctuated throughout the session, reaching a high of ₹160,378.00 and a low of ₹157,959.00. The trajectory of gold prices showed some volatility, with notable levels at 09:00 (₹160,006.00) and 11:45 (₹159,550.00). Silver, on the other hand, opened at ₹272,275.00, hit a high of ₹273,196.00, and a low of ₹270,752.00. The gold mini contract also experienced a slight decline, with its current price at ₹159,019.00, down 0.21% from the open of ₹157,362.00.

Energy commodities

Crude oil has shown positive movement, opening at ₹9,599.00 and climbing to a high of ₹9,656.00, before settling at ₹9,591.00. This represents a 1.35% increase from the opening price. Natural gas prices have seen a modest rise, currently at ₹292.40, up 0.34% from the opening level of ₹292.20. The high for natural gas was recorded at ₹293.30, with a low of ₹290.60.

Base metals

In the base metals segment, copper prices have increased to ₹1,345.30, despite opening at ₹1,332.05 and experiencing a high of ₹1,355.50. Aluminium prices are slightly up at ₹385.35, a 0.18% decline from the opening price of ₹384.45. Zinc has seen a minor increase, with its current price at ₹369.90, up 0.13% from the open of ₹366.95.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	159,550.00	-0.28%
Silver	272,275.00	273,196.00	270,752.00	271,478.00	-1.02%
Crude Oil	9,599.00	9,656.00	9,510.00	9,591.00	+1.35%
Copper	1,332.05	1,355.50	1,332.00	1,345.30	-0.50%
Natural Gas	292.20	293.30	290.60	292.40	+0.34%
Gold Mini	157,362.00	159,550.00	157,152.00	159,019.00	-0.21%
Aluminium	384.45	386.85	384.15	385.35	-0.18%
Zinc	366.95	372.60	365.55	369.90	-0.13%

Outlook

The commodities market is experiencing varied movements, with precious metals under pressure while energy commodities like crude oil are gaining. Market participants will be closely watching the strength of the US dollar, which often influences gold and silver prices. Additionally, any shifts in global economic indicators could impact the commodities landscape in the coming sessions.

Data as on May 21, 2026, 12:00 PM IST.

LPG prices today: Domestic cylinder rates unchanged in Delhi, Mumbai and Bengaluru; commercial LPG stays above ₹3,000

Aditya Bhagchandani — Thu, 21 May 2026 04:59:28 +0000

Domestic LPG cylinder prices remained unchanged across major Indian cities on May 21, 2026, even as commercial LPG cylinder rates continued to stay elevated following recent price hikes linked to rising global energy costs.

The price of a 14.2 kg domestic LPG cylinder currently stands at ₹913 in Delhi, ₹912.50 in Mumbai, and ₹915.50 in Bengaluru.

Meanwhile, prices of 19 kg commercial LPG cylinders have crossed the ₹3,000 mark in several major cities after recent revisions driven by surging international fuel prices and supply concerns arising from the ongoing Iran conflict.

The rise in LPG-linked costs comes amid mounting pressure on oil marketing companies due to elevated crude oil and gas prices globally.

Earlier this week, Indian Oil Corporation (IOC), India’s largest fuel retailer, disclosed that the company is facing sharply higher losses on domestic LPG sales after the Iran war pushed up international LPG prices.

According to Reuters, IOC finance chief Anuj Jain said on May 19 that the company is currently suffering a revenue loss of ₹617 per domestic LPG cylinder, compared with a loss of ₹171 per cylinder in April.

During the January-March quarter, IOC had reported a revenue loss of ₹100 per 14.2 kg LPG cylinder, which is primarily used as cooking fuel across Indian households.

The sharp increase in under-recoveries reflects the impact of rising global energy prices and shipping disruptions linked to tensions in West Asia, particularly around the Strait of Hormuz, a critical global energy transit route.

Despite higher losses for oil marketing companies, domestic LPG prices have not been revised upward so far, providing relief to household consumers. However, commercial cylinder prices have witnessed steeper adjustments in recent weeks.

Market participants continue to closely monitor global crude oil prices, geopolitical developments, and government policy decisions regarding fuel subsidies and pricing mechanisms.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Commodity and energy-related markets are subject to global price fluctuations and policy risks. Author or Business Upturn is not liable for any losses arising from the use of this information.

Gold falls below ₹1.6 lakh on MCX; silver drops ₹1,350/kg

Aditya Bhagchandani — Thu, 21 May 2026 04:50:59 +0000

Gold and silver prices traded lower on the Multi Commodity Exchange (MCX) on Thursday, May 21, amid profit booking, easing safe-haven demand, and cooling commodity sentiment after recent geopolitical-driven rallies.

MCX Gold June futures slipped below the key ₹1.6 lakh per 10 grams mark and were trading around ₹1,59,800 per 10 grams during the session.

Meanwhile, MCX Silver July futures declined sharply by ₹1,350 to ₹2,72,915 per kilogram.

The decline in precious metals came as global commodity markets turned volatile following fluctuations in crude oil prices and changing expectations around interest rates and geopolitical developments linked to the US-Iran situation.

Internationally, gold prices remained under pressure after recent gains, while silver also witnessed selling pressure following sharp rallies earlier this month. Investors continued to monitor inflation trends, US Treasury yields, and Federal Reserve policy expectations for further direction in bullion prices.

Silver, which had recently surged on strong industrial demand optimism and safe-haven buying, saw sharper correction compared to gold as traders booked profits at elevated levels.

Market participants are also closely watching the US Federal Reserve minutes and global bond market movements, as higher interest rate expectations typically reduce the appeal of non-yielding assets like gold and silver.

Despite the correction, bullion prices remain elevated on a broader basis due to continued geopolitical uncertainty, central bank buying, and concerns over global inflation trends.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Commodity market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Commodities market opens: gold at ₹159,685.00 down 0.20%, silver at ₹272,725.00 down 0.56%, crude oil at ₹9,540.00 up 0.81%

Yash Agarwal — Thu, 21 May 2026 04:00:24 +0000

In the early trading session on the Multi Commodity Exchange (MCX), gold prices have seen a slight decline, currently priced at ₹159,685.00, marking a 0.20% decrease from its opening level of ₹158,974.00. Silver also experienced a drop, with its current price at ₹272,725.00, down 0.56% from the opening. Meanwhile, crude oil has shown a positive movement, rising to ₹9,540.00, which is a 0.81% increase from its opening price of ₹9,599.00. The fluctuations in precious metals are often influenced by cues from the strength of the US dollar.

Precious metals

Gold opened at ₹158,974.00 and reached a high of ₹160,378.00 before settling at its current level of ₹159,685.00. The metal’s trajectory during the session showed a decline from ₹160,006.00 at 09:00 to ₹159,685.00 by 09:15. Silver, opening at ₹272,275.00, recorded a high of ₹273,196.00 and a low of ₹272,135.00, currently standing at ₹272,725.00. The Gold Mini contract also saw a decrease, with its current price at ₹159,100.00, down from an opening of ₹157,362.00.

Energy commodities

Crude oil prices have increased to ₹9,540.00, despite opening at ₹9,599.00, with the session’s low recorded at ₹9,536.00. Natural gas remains unchanged from its opening price of ₹292.20, having reached a high of ₹293.20 and a low of ₹292.00 during the session.

Base metals

Copper has shown a slight increase, with its current price at ₹1,349.80, up from an opening of ₹1,332.05. The metal reached a high of ₹1,355.50 and a low of ₹1,332.00. Aluminium is currently priced at ₹385.65, a small increase from its opening of ₹384.45, while zinc has risen to ₹369.90 from an opening of ₹366.95.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	159,685.00	-0.20%
Silver	272,275.00	273,196.00	272,135.00	272,725.00	-0.56%
Crude Oil	9,599.00	9,599.00	9,536.00	9,540.00	+0.81%
Natural Gas	292.20	293.20	292.00	292.20	+0.27%
Copper	1,332.05	1,355.50	1,332.00	1,349.80	-0.17%
Gold Mini	157,362.00	159,550.00	157,152.00	159,100.00	-0.16%
Zinc	366.95	370.75	365.55	369.90	-0.13%
Aluminium	384.45	386.85	384.15	385.65	-0.10%

Outlook

As the session progresses, market participants will closely monitor the strength of the US dollar, which continues to be a significant driver for precious metal prices. Additionally, any shifts in global energy demand could influence crude oil and natural gas prices. Investors will be watching for any economic data releases that could impact commodity prices further.

Data as on May 21, 2026, 09:30 AM IST.

Commodities market live: MCX crude oil rises 1.15%, silver slips below Rs 2.73 lakh in early trade on May 21

Aditya Bhagchandani — Thu, 21 May 2026 03:38:28 +0000

Commodity markets traded mixed during the Thursday, May 21 morning session on the Multi Commodity Exchange (MCX), with crude oil and natural gas witnessing gains while precious and industrial metals traded lower.

MCX crude oil futures rose 1.15% or 109 points to Rs 9,572, while natural gas futures gained 0.58% or 1.7 points to Rs 293.1.

On the other hand, silver futures declined 0.47% or 1,277 points to Rs 2,72,988. Gold futures also slipped 0.08% or 132 points to Rs 1,59,874.

Among base metals, copper traded lower by 0.07% at Rs 1,351.10, zinc eased 0.08% to Rs 370.10 and aluminium declined 0.16% to Rs 385.45.

Globally, gold and silver remained firm despite volatility in commodity markets. COMEX gold traded near $4,563 an ounce, up 0.61%, while COMEX silver rose 0.96% to $76.915 an ounce amid continued geopolitical uncertainty and inflation concerns linked to the US-Iran conflict.

Minutes from the US Federal Reserve’s April meeting showed policymakers remain cautious on inflation, with several members signalling that further tightening may still be required if inflation remains above the 2% target.

According to UOB Global Economics & Markets Research, gold may remain trapped in a broad trading range between $4,171 and $4,889 an ounce. The report noted that gold’s weekly support remains near $4,171, while resistance is seen around $4,758.

Meanwhile, iron ore futures extended losses on Thursday, with the most active September contract on China’s Dalian Commodity Exchange falling 0.25% to 796 yuan per tonne, the lowest level since April 30. Increased shipments from Australia and Brazil, along with rising Chinese portside inventories, continued to pressure prices.

Heavy rainfall across key Chinese steelmaking provinces including Guangxi, Guizhou and Hubei also impacted construction activity and weakened steel demand sentiment.

MCX commodities update at 9 AM on May 21

Commodity	Price	Change	% Change
Crude Oil	Rs 9,572	+109	+1.15%
Natural Gas	Rs 293.1	+1.7	+0.58%
Gold	Rs 1,59,874	-132	-0.08%
Copper	Rs 1,351.10	-0.95	-0.07%
Zinc	Rs 370.10	-0.30	-0.08%
Aluminium	Rs 385.45	-0.60	-0.16%
Silver	Rs 2,72,988	-1,277	-0.47%

Analysts said commodity markets are expected to remain volatile as investors continue tracking developments in the Middle East, US inflation data, Federal Reserve policy signals, global bond yields and Chinese industrial demand trends.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Commodity markets are subject to market risks and geopolitical developments.

Commodities market closing: gold at ₹160,042.00 gains 0.60%, silver at ₹273,900.00 up 1.40%, crude oil at ₹9,519.00 down 5.07%

Kinjal — Wed, 20 May 2026 18:05:13 +0000

On May 20, 2026, the commodities market on the Multi Commodity Exchange (MCX) saw varied movements as gold prices increased to ₹160,042.00, marking a 0.60% rise from its opening level. Silver also experienced an uptick, reaching ₹273,900.00, up by 1.40% from the open. The market’s focus remained on the ongoing reassessment of the West Asia crisis, particularly following the recent pause in Trump’s Iran strike, which has influenced trading behaviour.

Precious metals

Gold showed a dynamic trading session, opening at ₹158,974.00 and reaching a high of ₹160,378.00 before settling at ₹160,042.00. The trajectory indicated a steady climb throughout the day, reflecting market adjustments to geopolitical cues. Silver, opening at ₹267,230.00, saw a significant rise, peaking at ₹276,297.00 and closing at ₹273,900.00. The Gold Mini contract mirrored the broader gold market, closing at ₹159,410.00, up 0.62% from its open of ₹157,362.00.

Energy commodities

The energy sector faced contrasting fortunes. Crude oil prices fell sharply to ₹9,519.00, a 5.07% decrease from its opening price of ₹10,083.00, reflecting market volatility and potential oversupply concerns. Natural gas also saw a decline, closing at ₹291.40, down 2.67% from its opening level of ₹300.00.

Base metals

Base metals exhibited positive momentum. Copper prices increased to ₹1,351.50, a 1.04% rise from its opening of ₹1,332.05. Aluminium closed at ₹386.00, up 0.42% from its open of ₹381.00. Zinc also saw gains, ending the session at ₹370.65, up 1.19% from its opening price of ₹366.95.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	160,042.00	0.60%
Silver	267,230.00	276,297.00	266,850.00	273,900.00	1.40%
Crude Oil	10,083.00	10,104.00	9,387.00	9,519.00	-5.07%
Natural Gas	300.00	303.40	290.00	291.40	-2.67%
Zinc	366.95	370.75	365.55	370.65	1.19%
Copper	1,332.05	1,355.50	1,332.00	1,351.50	1.04%
Gold Mini	157,362.00	159,499.00	157,152.00	159,410.00	0.62%
Aluminium	381.00	386.85	379.00	386.00	0.42%

Outlook

The commodities market continues to navigate the implications of geopolitical developments, particularly the situation in West Asia. Traders are advised to monitor further announcements and market reactions closely, as these factors could influence future price movements across the board.

Data as on May 20, 2026, 11:35 PM IST.

Commodities market late session: gold at ₹159,950.00 gains 0.55%, silver at ₹274,175.00 up 1.50%, crude oil at ₹9,541.00 drops 4.85%

Yash Agarwal — Wed, 20 May 2026 16:30:11 +0000

On May 20, 2026, the Multi Commodity Exchange (MCX) saw mixed movements in the commodities market. Gold prices climbed to ₹159,950.00, marking a 0.55% increase from the opening level of ₹158,974.00. Silver also experienced a significant rise, reaching ₹274,175.00, up 1.50% from its open. The market’s behaviour reflects ongoing reassessments of geopolitical tensions, particularly in West Asia, following recent developments.

Precious metals

Gold’s trajectory throughout the session showed fluctuations, with the price peaking at ₹160,378.00 and dipping to a low of ₹157,959.00. The gold mini contract also mirrored this upward trend, closing at ₹159,234.00, a 0.51% increase from its opening price of ₹157,362.00. Silver’s performance was robust, with a high of ₹276,297.00 and a low of ₹266,850.00, reflecting strong investor interest.

Energy commodities

In the energy sector, crude oil prices fell sharply to ₹9,541.00, a 4.85% decline from the opening price of ₹10,083.00. This drop is notable amid the geopolitical backdrop. Natural gas also saw a decrease, closing at ₹292.80, down 2.20% from its opening level of ₹300.00.

Base metals

Base metals exhibited positive momentum. Copper prices rose to ₹1,353.00, a 1.16% increase from the open. Aluminium and zinc also posted gains, with aluminium closing at ₹386.40, up 0.52%, and zinc at ₹369.90, up 0.98% from their respective opening prices.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	159,950.00	0.55%
Silver	267,230.00	276,297.00	266,850.00	274,175.00	1.50%
Crude Oil	10,083.00	10,104.00	9,426.00	9,541.00	-4.85%
Natural Gas	300.00	303.40	290.00	292.80	-2.20%
Copper	1,332.05	1,355.50	1,332.00	1,353.00	1.16%
Zinc	366.95	370.75	365.55	369.90	0.98%
Aluminium	381.00	386.85	379.00	386.40	0.52%
Gold Mini	157,362.00	159,499.00	157,152.00	159,234.00	0.51%

Outlook

The commodities market continues to be influenced by geopolitical developments, particularly in West Asia. Investors are closely monitoring the situation for further cues. The strength of the US dollar also remains a critical factor impacting precious metals, with potential implications for future price movements.

Data as on May 20, 2026, 10:00 PM IST.

Commodities market live: MCX crude oil crashes 4.11%, silver jumps 1.53%, gold rises Rs 840 on May 20

Aditya Bhagchandani — Wed, 20 May 2026 15:36:20 +0000

Commodity markets remained volatile on Wednesday, May 20, as investors tracked developments surrounding the US-Iran conflict, inflation concerns, Federal Reserve rate expectations and fresh US energy inventory data.

On MCX, silver surged 1.53% or 4,134 points to Rs 2,74,253, while gold rose 0.53% or 840 points to Rs 1,59,920 during the evening session. Copper gained 1.17% to Rs 1,353.15, zinc climbed 0.90% to Rs 369.60 and aluminium advanced 0.44% to Rs 386.10.

Energy commodities remained under pressure. Crude oil futures on MCX dropped 4.11% or 412 points to Rs 9,615, while natural gas futures declined 2.54% or 7.6 points to Rs 291.8.

Globally, silver traded above $76 an ounce despite a sharp decline in the previous session, supported by expectations that a potential resolution in the US-Iran conflict could eventually ease inflation pressures. Gold also recovered towards $4,530 an ounce after touching its lowest level since March 30.

President Donald Trump stated that the Iran war could end “very quickly,” while Vice President JD Vance highlighted progress in negotiations with Tehran. However, the prolonged disruption around the Strait of Hormuz has continued to keep oil prices elevated above $100 per barrel, sustaining inflationary pressures globally.

Markets are now pricing in nearly a 40% chance of a Federal Reserve rate hike by December, while expectations for rate cuts have been pushed into 2027.

Crude oil prices extended losses despite a sharp drawdown in US crude inventories. Brent crude fell near $107 per barrel, while WTI crude traded close to $100.64 per barrel after the US Energy Information Administration reported a 7.9 million barrel decline in commercial crude oil inventories for the week ended May 15.

The EIA also reported a 1.5 million barrel draw in gasoline inventories, while distillate fuel stocks rose by 372,000 barrels. US crude production remained steady at 13.7 million barrels per day.

Meanwhile, average US ethanol production rose above 1.1 million barrels per day for the first time since April, reaching 1.11 million barrels per day in the latest weekly EIA report. Ethanol stockpiles edged slightly higher to 24.88 million barrels.

Natural gas prices eased globally as forecasts pointed to milder weather conditions and lower US gas demand following the recent heatwave in the Mid Atlantic region. US natural gas futures slipped 1.2% to $3.078 per mmBtu after touching the highest level since March 19 in the previous session.

LSEG data showed average US natural gas output in the Lower 48 states eased to 109.3 billion cubic feet per day in May from 109.8 bcfd in April. LNG export flows also declined due to maintenance activity at major export plants including Golden Pass and Freeport LNG.

MCX commodities update at 9 PM on May 20

Commodity	Price	Change	% Change
Silver	Rs 2,74,253	+4,134	+1.53%
Gold	Rs 1,59,920	+840	+0.53%
Copper	Rs 1,353.15	+15.60	+1.17%
Zinc	Rs 369.60	+3.30	+0.90%
Crude Oil	Rs 9,615	-412	-4.11%
Natural Gas	Rs 291.8	-7.6	-2.54%
Aluminium	Rs 386.10	+1.70	+0.44%

Analysts said markets will continue to monitor developments in the Middle East conflict, Federal Reserve commentary, bond yield movements, US inventory data and inflation indicators for further direction across commodities.

Crude crashes 6% as US-Iran deal looms — Brent below $101, oil’s biggest one-day fall

Aditya Bhagchandani — Wed, 20 May 2026 15:27:05 +0000

Crude oil prices collapsed on Wednesday, May 20, with Brent crude falling 6.43% to $100.32 per barrel, WTI dropping 6.51% to $97.25, and MCX crude futures shedding 5.99% to ₹9,426 — the sharpest single-session fall since the Iran war began on February 28. The selloff was driven by a convergence of three distinct forces: imminent deal optimism, a hawkish inventory read, and demand-side relief from moderating weather.

The primary driver: US-Iran deal reportedly hours away

The dominant catalyst is geopolitical. Reports emerged Wednesday that the United States and Iran are close to finalising a deal that could end the conflict and reopen the Strait of Hormuz — with Pakistan’s army chief reportedly preparing to travel to Tehran to help unveil the agreement. Trump’s own comments on Wednesday reinforced the de-escalation narrative — calling himself “in no hurry” on Iran while separately saying he views a Xi-Putin meeting as “positive” — language that markets read as confidence that a resolution is within reach rather than urgency that suggests otherwise.

Oil markets had priced in a significant war premium since late February. A credible deal signal — even without confirmation — is sufficient to trigger a partial unwind of that premium. Brent had been trading above $100 for weeks entirely on the back of Hormuz closure risk. If that risk diminishes materially, the floor beneath oil prices shifts down sharply.

The IRGC’s own announcement that 26 ships transited the Strait under coordination in the past 24 hours adds a secondary signal — Iran is allowing managed traffic flow, which markets are reading as a confidence-building measure ahead of a formal announcement rather than a consolidation of its chokehold.

The inventory data: Larger draw than expected, but context matters

The US Energy Information Administration reported a draw of 7.9 million barrels in commercial crude inventories for the week ending May 15 — well above the 2.9 million barrel expectation. Stocks now stand at 445 million barrels. The Strategic Petroleum Reserve saw an additional 9.9 million barrel draw as the Department of Energy attempts to offset the global supply disruption from the Iran war — the SPR is now 6.6% below year-ago levels.

Normally a large inventory draw is bullish for oil — less supply available implies tighter market conditions. In Wednesday’s context, however, the inventory signal was overwhelmed by the deal optimism. The SPR draw specifically signals that the US has been actively managing supply to prevent a more severe price spike — and if the Hormuz situation resolves, the need for SPR releases ends, which is itself a bearish signal for the supply-demand balance going forward.

Natural gas: Down 1.2% as weather moderates

US natural gas futures for June delivery fell 1.2% to $3.078 per mmBtu — pulled lower by the oil price drop and the approaching end of the heatwave that had driven record electricity demand in the eastern US this week.

Temperatures in Washington DC hit a record-breaking 97°F on Tuesday and are expected to reach 96°F on Wednesday before dropping sharply to 61°F by Saturday. The PJM power grid — which covers 13 states from New Jersey to Illinois — saw spot electricity prices surge 449% earlier this week to $229 per megawatt-hour, the highest since January, as air conditioning demand spiked. That demand spike reverses into the long Memorial Day holiday weekend.

Average US gas output in the Lower 48 states fell to 109.3 bcfd in May from 109.8 bcfd in April and a record 110.6 bcfd in December 2025. LNG exports also declined from a monthly record of 18.8 bcfd in April to 17 bcfd in May due to spring maintenance at several facilities including ExxonMobil and QatarEnergy’s Golden Pass and Freeport LNG’s Texas plant.

The India angle

A sustained fall in crude oil prices is among the most consequential macroeconomic events possible for India. Every $10 per barrel reduction in crude prices cuts India’s annual import bill by approximately $15 billion and reduces pressure on the current account deficit, the rupee, and domestic fuel prices simultaneously. Brent falling below $100 — if sustained — would materially reduce the inflationary pressure that has been driving RBI policy decisions and consumer price stress since the war began. Indian oil marketing companies — BPCL, HPCL, IOCL — whose marketing margins have been squeezed by elevated crude, would see direct earnings relief. The rupee, currently at record lows above 96 per dollar, would find structural support from a reduced import bill.

The deal, if confirmed, would be the single most important macro event for India since the war began.

This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.

Commodities market live: gold at ₹159,290.00 gains 0.13%, silver at ₹271,601.00 up 0.55%, crude oil at ₹9,898.00 down 1.29%

Yash Agarwal — Wed, 20 May 2026 14:00:13 +0000

In today’s trading session on the Multi Commodity Exchange, gold prices edged higher to ₹159,290.00, marking a 0.13% increase from the opening level. Silver also saw an upward movement, reaching ₹271,601.00, up by 0.55% from its open. The market continues to react to geopolitical tensions, particularly the recent pause in the West Asia crisis following Trump’s Iran strike announcement. Meanwhile, crude oil prices declined to ₹9,898.00, reflecting a 1.29% decrease from the opening price.

Precious metals

Gold experienced a volatile session, with prices fluctuating between a high of ₹160,378.00 and a low of ₹157,959.00. Despite the initial dip, the precious metal managed to recover, supported by cues of a weaker USD. Silver followed a similar trajectory, trading within a range of ₹266,850.00 to ₹274,190.00. The Gold Mini contract also showed a slight increase, closing at ₹158,642.00, up 0.14% from its opening.

Energy commodities

Crude oil prices faced downward pressure, closing at ₹9,898.00, a 1.29% drop from the opening level of ₹10,083.00. The commodity traded between a high of ₹10,104.00 and a low of ₹9,780.00. Natural gas also saw a decline, ending the session at ₹297.50, down 0.63% from its open.

Base metals

In the base metals segment, copper prices rose to ₹1,346.50, reflecting a 0.67% increase. Aluminium also gained, closing at ₹386.10, up 0.44%. Zinc recorded the highest percentage gain among base metals, ending at ₹369.80, up 0.96% from its opening price.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	159,290.00	0.13%
Silver	267,230.00	274,190.00	266,850.00	271,601.00	0.55%
Crude Oil	10,083.00	10,104.00	9,780.00	9,898.00	-1.29%
Zinc	366.95	370.45	365.55	369.80	0.96%
Copper	1,332.05	1,347.80	1,332.00	1,346.50	0.67%
Natural Gas	300.00	303.40	294.70	297.50	-0.63%
Aluminium	381.00	386.85	379.00	386.10	0.44%
Gold Mini	157,362.00	158,979.00	157,152.00	158,642.00	0.14%

Outlook

As the market continues to assess the implications of geopolitical developments, particularly in West Asia, traders should remain vigilant. The impact of these events on the USD strength and subsequent commodity pricing will be crucial to monitor. Additionally, fluctuations in energy prices may influence broader market trends in the coming days.

Data as on May 20, 2026, 07:30 PM IST.

Commodities market evening session: gold at ₹159,210.00 gains 0.08%, silver at ₹273,500.00 rises 1.25%, crude oil at ₹9,890.00 drops 1.37%

Yash Agarwal — Wed, 20 May 2026 11:30:16 +0000

In the evening session on the Multi Commodity Exchange (MCX) on May 20, 2026, gold prices edged higher to ₹159,210.00, marking a modest increase of 0.08% from its opening level. Silver also saw a significant rise, reaching ₹273,500.00, up by 1.25% from the open. The market’s movements reflect ongoing adjustments following recent geopolitical developments, including the pause in the Iran strike announced by Trump. Meanwhile, crude oil prices declined to ₹9,890.00, a drop of 1.37% from the opening.

Precious metals

Gold experienced fluctuations throughout the day, reaching a high of ₹160,378.00 and a low of ₹157,959.00. The precious metal’s trajectory showed varied movements, with a notable increase in the afternoon session. Silver, on the other hand, maintained a steady upward trend, peaking at ₹274,190.00 and dipping to a low of ₹266,850.00. The gold mini contract also mirrored the upward trend, closing at ₹158,630.00, up 0.13% from its opening of ₹157,362.00.

Energy commodities

Crude oil faced downward pressure, closing at ₹9,890.00 after opening at ₹10,083.00. The commodity saw a high of ₹10,104.00 and a low of ₹9,780.00. Natural gas showed minimal movement, ending slightly lower at ₹299.80, a marginal decrease of 0.07% from its opening level of ₹300.00.

Base metals

In the base metals segment, copper prices rose to ₹1,344.00, reflecting a 0.48% increase from the open. Aluminium followed suit, closing at ₹385.50, up by 0.29%. Zinc also saw gains, ending the session at ₹369.10, up 0.76% from its opening price of ₹366.95.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	159,210.00	0.08%
Silver	267,230.00	274,190.00	266,850.00	273,500.00	1.25%
Crude Oil	10,083.00	10,104.00	9,780.00	9,890.00	-1.37%
Zinc	366.95	370.45	365.55	369.10	0.76%
Copper	1,332.05	1,347.50	1,332.00	1,344.00	0.48%
Aluminium	381.00	386.85	379.00	385.50	0.29%
Natural Gas	300.00	301.30	297.30	299.80	0.13%
Gold Mini	157,362.00	158,832.00	157,152.00	158,630.00	0.13%

Outlook

As the market continues to digest the implications of geopolitical tensions, particularly in West Asia, traders remain cautious. The movements in precious metals suggest a response to potential shifts in USD strength, which could further influence gold and silver prices. Energy commodities, especially crude oil, may continue to experience volatility as geopolitical developments unfold. Base metals appear to be benefiting from stable demand, but market participants will be closely monitoring any changes in global economic indicators that could impact these commodities.

Data as on May 20, 2026, 05:00 PM IST.

Commodities market afternoon: gold at ₹158,713.00 falls 0.23%, silver at ₹272,325.00 gains 0.82%, crude oil at ₹9,927.00 drops 1.00%

Arunika Jain — Wed, 20 May 2026 09:00:14 +0000

On May 20, 2026, the commodities market on the Multi Commodity Exchange displayed mixed movements. Gold prices fell to ₹158,713.00, marking a 0.23% decline from the opening level, as the market continued to reassess the West Asia crisis following the pause in Iran strikes. In contrast, silver prices rose to ₹272,325.00, up by 0.82% from the open, reflecting a stronger performance in the precious metals segment. Crude oil, however, experienced a decline, trading at ₹9,927.00, down 1.00% from its opening price.

Precious metals

Gold’s trajectory throughout the session showed fluctuations, with an initial high of ₹160,378.00 before declining to a low of ₹157,959.00. The precious metal’s performance was influenced by ongoing market dynamics and USD strength cues. Silver, on the other hand, reached a high of ₹272,900.00 and a low of ₹266,850.00, demonstrating resilience amid the broader market trends. The Gold Mini contract also saw a slight decline, closing at ₹158,121.00, down 0.19% from the open.

Energy commodities

Crude oil prices fell to ₹9,927.00, marking a 1.00% decrease from the opening level of ₹10,083.00. The commodity reached a high of ₹10,104.00 and a low of ₹9,914.00 during the session. Natural gas also saw a decline, trading at ₹298.00, down 0.47% from its opening price of ₹300.00, with a high of ₹301.30 and a low of ₹297.90.

Base metals

In the base metals segment, copper prices rose to ₹1,343.80, a 0.47% increase from the opening level of ₹1,332.05. Aluminium traded at ₹385.45, up 0.27% from its open, and zinc saw a notable rise to ₹369.30, up 0.82% from the opening price of ₹366.95. These movements reflect the ongoing demand and supply dynamics in the industrial metals market.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	158,713.00	-0.23%
Silver	267,230.00	272,900.00	266,850.00	272,325.00	+0.82%
Crude Oil	10,083.00	10,104.00	9,914.00	9,927.00	-1.00%
Zinc	366.95	370.45	365.55	369.30	+0.82%
Natural Gas	300.00	301.30	297.90	298.00	-0.47%
Copper	1,332.05	1,345.00	1,332.00	1,343.80	+0.47%
Aluminium	381.00	386.85	379.00	385.45	+0.27%
Gold Mini	157,362.00	158,405.00	157,152.00	158,121.00	-0.19%

Outlook

The commodities market continues to be influenced by geopolitical developments, particularly the situation in West Asia. Traders are closely monitoring the impact of the recent pause in Iran strikes on energy prices. Additionally, the strength of the USD remains a key factor affecting precious metals, with potential implications for future price movements. Market participants are advised to stay informed on geopolitical events and currency fluctuations as they navigate these volatile conditions.

Data as on May 20, 2026, 02:30 PM IST.

Silver rate today in Ahmedabad May 20 2026: Silver at ₹280 per 10 gram, ₹2,80,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:31:32 +0000

Silver prices in Ahmedabad traded lower on Wednesday, May 20, amid continued volatility in global precious metal markets, elevated crude oil prices and geopolitical tensions linked to the ongoing US Iran conflict.

According to the latest market data, silver in Ahmedabad was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.

International silver prices remained under pressure after plunging more than 5% in the previous trading session. Silver traded below $75 an ounce as investors reacted to rising inflation concerns, higher oil prices and elevated US Treasury yields.

Market sentiment also stayed cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if peace negotiations fail to progress.

The ongoing tensions around the Strait of Hormuz have increased concerns over energy supply disruptions, supporting crude oil prices and adding to inflationary pressure across global markets.

Silver had earlier rallied on optimism linked to AI related industrial demand and stronger consumption from data centre infrastructure related sectors. However, recent geopolitical developments have triggered profit booking across commodity markets.

Silver rate today in Ahmedabad

Quantity	Today Price
10 gram	Rs 2,800
100 gram	Rs 28,000
1 kilogram	Rs 2,80,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 280	Rs 285	– Rs 5
10 gram	Rs 2,800	Rs 2,850	– Rs 50
100 gram	Rs 28,000	Rs 28,500	– Rs 500
1 kilogram	Rs 2,80,000	Rs 2,85,000	– Rs 5,000

Why silver prices are falling today

Silver prices are reacting to movements in crude oil prices, inflation expectations and global bond yields.

Analysts said persistent geopolitical tensions and expectations of elevated interest rates globally have increased volatility across commodity markets, putting pressure on precious metals including silver.

Investors are also closely tracking developments related to the US Federal Reserve, crude oil prices and geopolitical updates for further direction in silver prices.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Silver rate today in Vadodara May 20 2026: Silver at ₹280 per 10 gram, ₹2,80,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:30:28 +0000

Silver prices in Vadodara declined on Wednesday, May 20, amid continued weakness in global precious metal markets, rising crude oil prices and geopolitical tensions linked to the ongoing US Iran conflict.

According to the latest market data, silver in Vadodara was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.

International silver prices traded below $75 an ounce after witnessing a sharp decline in the previous session. Precious metals remained volatile as investors reacted to inflation concerns, higher energy prices and elevated US Treasury yields.

Market sentiment also stayed cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if peace negotiations fail.

The continuing tensions around the Strait of Hormuz have increased concerns over global energy supply disruptions, supporting crude oil prices and adding to inflationary pressure across financial markets.

Silver had earlier gained on optimism linked to AI related industrial demand and stronger consumption from data centre infrastructure related sectors. However, recent geopolitical developments have led to profit booking across precious metals.

Silver rate today in Vadodara

Quantity	Today Price
10 gram	Rs 2,800
100 gram	Rs 28,000
1 kilogram	Rs 2,80,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 280	Rs 285	– Rs 5
10 gram	Rs 2,800	Rs 2,850	– Rs 50
100 gram	Rs 28,000	Rs 28,500	– Rs 500
1 kilogram	Rs 2,80,000	Rs 2,85,000	– Rs 5,000

Why silver prices are falling today

Silver prices are reacting to movements in crude oil prices, inflation expectations and global bond yields.

Investors are also tracking developments related to the US Federal Reserve, crude oil prices and geopolitical updates for further direction in silver prices.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Silver rate today in Pune May 20 2026: Silver at ₹280 per 10 gram, ₹2,80,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:29:49 +0000

Silver prices in Pune remained under pressure on Wednesday, May 20, amid weakness in global precious metal markets, elevated crude oil prices and continued geopolitical tensions linked to the ongoing US Iran conflict.

According to the latest rates, silver in Pune was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.

International silver prices traded below $75 an ounce after witnessing a sharp fall in the previous session. Precious metals faced selling pressure as investors reacted to rising inflation concerns, higher energy prices and elevated US Treasury yields.

Market sentiment also remained cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if negotiations fail to progress.

The continuing tensions around the Strait of Hormuz have increased concerns over energy supply disruptions, supporting crude oil prices and adding to inflationary pressure globally.

Silver had earlier gained on optimism surrounding AI related industrial demand and stronger metal consumption linked to data centre infrastructure growth. However, recent geopolitical developments triggered profit booking across commodity markets.

Silver rate today in Pune

Quantity	Today Price
10 gram	Rs 2,800
100 gram	Rs 28,000
1 kilogram	Rs 2,80,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 280	Rs 285	– Rs 5
10 gram	Rs 2,800	Rs 2,850	– Rs 50
100 gram	Rs 28,000	Rs 28,500	– Rs 500
1 kilogram	Rs 2,80,000	Rs 2,85,000	– Rs 5,000

Why silver prices are falling today

Silver prices are reacting to movements in crude oil prices, inflation expectations and global bond yields.

Analysts said persistent geopolitical tensions and expectations of elevated interest rates have increased volatility across commodity markets, putting pressure on precious metals including silver.

Investors are also closely tracking developments related to the US Federal Reserve, crude oil prices and geopolitical updates for further direction in silver prices.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Silver rate today in Kerala May 20 2026: Silver at ₹280 per 10 gram, ₹2,80,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:29:10 +0000

Silver prices in Kerala traded lower on Wednesday, May 20, amid continued volatility in global precious metal markets, elevated crude oil prices and geopolitical tensions linked to the ongoing US Iran conflict.

According to the latest rates, silver in Kerala was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.

International silver prices remained under pressure after falling sharply in the previous trading session. Silver traded below $75 an ounce as investors reacted to rising inflation concerns, higher energy prices and elevated US Treasury yields.

Market sentiment also stayed cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if peace negotiations fail to progress.

The ongoing tensions around the Strait of Hormuz have raised concerns over energy supply disruptions, supporting crude oil prices and adding to inflationary pressure across global markets.

Silver had earlier gained on optimism linked to AI related industrial demand and stronger metal consumption from data centre infrastructure projects. However, recent geopolitical developments have triggered profit booking across precious metals.

Silver rate today in Kerala

Quantity	Today Price
10 gram	Rs 2,800
100 gram	Rs 28,000
1 kilogram	Rs 2,80,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 280	Rs 285	– Rs 5
10 gram	Rs 2,800	Rs 2,850	– Rs 50
100 gram	Rs 28,000	Rs 28,500	– Rs 500
1 kilogram	Rs 2,80,000	Rs 2,85,000	– Rs 5,000

Why silver prices are falling today

Silver prices are reacting to rising crude oil prices, inflation concerns and higher US Treasury yields.

Analysts said persistent geopolitical tensions and expectations of elevated interest rates globally have increased volatility in commodity markets, putting pressure on precious metals including silver.

Investors are also monitoring developments related to the US Federal Reserve, crude oil prices and geopolitical updates for further direction in silver prices.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Silver rate today in Hyderabad May 20 2026: Silver at ₹280 per 10 gram, ₹2,80,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:26:20 +0000

Silver prices in Hyderabad remained under pressure on Wednesday, May 20, amid weakness in global precious metal markets, rising crude oil prices and geopolitical tensions linked to the ongoing US Iran conflict.

According to the latest market data, silver in Hyderabad was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.

Globally, silver traded below $75 an ounce after witnessing a sharp decline in the previous trading session. Precious metals faced selling pressure as investors reacted to rising inflation concerns, higher oil prices and elevated US Treasury yields.

Market sentiment also remained cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if negotiations fail to progress.

The continuing tensions around the Strait of Hormuz have increased concerns over energy supply disruptions, supporting crude oil prices and adding to global inflationary pressure.

Silver had earlier rallied on optimism surrounding AI related industrial demand and stronger metal consumption linked to data centre infrastructure growth. However, the recent geopolitical developments have triggered profit booking across commodity markets.

Silver rate today in Hyderabad

Quantity	Today Price
10 gram	Rs 2,800
100 gram	Rs 28,000
1 kilogram	Rs 2,80,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 280	Rs 285	– Rs 5
10 gram	Rs 2,800	Rs 2,850	– Rs 50
100 gram	Rs 28,000	Rs 28,500	– Rs 500
1 kilogram	Rs 2,80,000	Rs 2,85,000	– Rs 5,000

Why silver prices are falling today

Silver prices are currently reacting to higher crude oil prices, inflation concerns and movements in global bond yields.

Analysts said persistent geopolitical tensions and expectations of elevated interest rates have increased volatility in commodity markets, putting pressure on precious metals including silver.

Investors are also tracking developments related to the US Federal Reserve, crude oil prices and global geopolitical conditions for further direction in silver prices.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Silver rate today in Bangalore May 20 2026: Silver at ₹280 per 10 gram, ₹2,80,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:23:38 +0000

Silver prices in Bangalore traded lower on Wednesday, May 20, amid continued volatility in global commodity markets, rising crude oil prices and geopolitical tensions linked to the ongoing US Iran conflict.

According to the latest market rates, silver in Bangalore was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.

International silver prices remained under pressure after falling sharply in the previous session. Silver traded below $75 an ounce as investors assessed inflation risks, higher global bond yields and expectations that interest rates may remain elevated for longer.

Market sentiment also stayed cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if peace negotiations fail.

The ongoing tensions in West Asia and disruptions around the Strait of Hormuz have supported crude oil prices, increasing concerns around global inflation and economic uncertainty.

Silver had earlier gained on optimism linked to AI driven demand and stronger consumption from data centre infrastructure related sectors. However, recent geopolitical developments have led to profit booking across precious metals.

Silver rate today in Bangalore

Quantity	Today Price
10 gram	Rs 2,800
100 gram	Rs 28,000
1 kilogram	Rs 2,80,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 280	Rs 285	– Rs 5
10 gram	Rs 2,800	Rs 2,850	– Rs 50
100 gram	Rs 28,000	Rs 28,500	– Rs 500
1 kilogram	Rs 2,80,000	Rs 2,85,000	– Rs 5,000

Why silver prices are falling today

Silver prices are reacting to rising crude oil prices, inflation concerns and higher US Treasury yields.

Investors are also tracking developments related to the US Federal Reserve, crude oil prices and geopolitical updates for further direction in silver prices.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Silver rate today in Kolkata May 20 2026: Silver at ₹280 per 10 gram, ₹2,80,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:22:43 +0000

Silver prices in Kolkata declined on Wednesday, May 20, following weakness in global precious metal markets amid rising inflation concerns, higher crude oil prices and ongoing geopolitical tensions in West Asia.

According to the latest rates, silver in Kolkata stood at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.

International silver prices traded below $75 an ounce after witnessing a sharp fall in the previous session. Commodity markets remained volatile as investors reacted to higher oil prices, elevated US Treasury yields and concerns that interest rates may stay higher for longer.

Market sentiment was also impacted after US President Donald Trump warned that the United States could resume strikes on Iran if negotiations fail to progress.

The ongoing tensions around the Strait of Hormuz have increased concerns over energy supply disruptions, supporting crude oil prices and adding to global inflationary pressure.

Silver had earlier gained on optimism surrounding AI related infrastructure demand and stronger industrial metal consumption linked to data centres. However, the recent geopolitical developments triggered profit booking across precious metals.

Silver rate today in Kolkata

Quantity	Today Price
10 gram	Rs 2,800
100 gram	Rs 28,000
1 kilogram	Rs 2,80,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 280	Rs 285	– Rs 5
10 gram	Rs 2,800	Rs 2,850	– Rs 50
100 gram	Rs 28,000	Rs 28,500	– Rs 500
1 kilogram	Rs 2,80,000	Rs 2,85,000	– Rs 5,000

Why silver prices are falling today

Silver prices are currently reacting to movements in crude oil prices, global bond yields and inflation expectations.

Analysts said rising geopolitical tensions and expectations of elevated interest rates have increased volatility in global commodity markets, putting pressure on precious metals including silver.

Investors are also monitoring upcoming US Federal Reserve commentary and developments in the Iran conflict for further cues on silver price movement.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Silver rate today in Delhi May 20 2026: Silver at ₹280 per 10 gram, ₹2,80,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:20:32 +0000

Silver prices in Delhi remained under pressure on Wednesday, May 20, tracking weakness in international precious metal markets amid rising geopolitical tensions and concerns over elevated inflation.

According to the latest market data, silver in Delhi was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.

Globally, silver traded below $75 an ounce after witnessing a sharp decline in the previous trading session. Precious metals faced selling pressure as investors reacted to higher crude oil prices, stronger bond yields and expectations that interest rates could remain elevated for longer.

Market sentiment also remained cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if Tehran failed to accept proposed peace conditions.

The continuing tensions in West Asia and disruptions linked to the Strait of Hormuz have supported crude oil prices, increasing concerns around global inflation and economic uncertainty.

Earlier this month, silver prices had rallied on optimism linked to AI driven industrial demand and stronger expectations for data centre related metal consumption. However, the recent geopolitical developments have triggered profit booking across commodity markets.

Silver rate today in Delhi

Quantity	Today Price
10 gram	Rs 2,800
100 gram	Rs 28,000
1 kilogram	Rs 2,80,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 280	Rs 285	– Rs 5
10 gram	Rs 2,800	Rs 2,850	– Rs 50
100 gram	Rs 28,000	Rs 28,500	– Rs 500
1 kilogram	Rs 2,80,000	Rs 2,85,000	– Rs 5,000

Why silver prices are falling today

Silver prices are reacting to higher crude oil prices, inflation concerns and rising US Treasury yields.

Analysts said persistent geopolitical tensions and expectations of higher interest rates globally have increased volatility in commodity markets, leading to pressure on precious metals including silver.

Investors are also tracking developments related to the US Federal Reserve, crude oil prices and global economic conditions for further direction in silver prices.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Silver rate today in Mumbai May 20 2026: Silver at ₹280 per 10 gram, ₹2,80,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:08:51 +0000

Silver prices in Mumbai traded lower on Wednesday, May 20, amid continued volatility in global precious metal markets, rising crude oil prices and geopolitical tensions linked to the ongoing US Iran conflict.

According to the latest rates, silver in Mumbai was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.

International silver prices remained under pressure after falling more than 5% in the previous session. Silver traded below $75 an ounce as investors continued monitoring geopolitical developments, inflation concerns and expectations surrounding higher interest rates.

Market sentiment remained cautious after US President Donald Trump warned that the US could resume strikes on Iran within “two or three days” if Tehran failed to accept Washington’s proposed peace terms.

The prolonged conflict has also kept focus on disruptions around the Strait of Hormuz, pushing crude oil prices higher and increasing inflation concerns globally.

Silver has also surrendered gains seen earlier this month that were supported by optimism surrounding AI related demand and stronger consumption from data centre infrastructure related industries.

Silver rate today in Mumbai

Quantity	Today Price
10 gram	Rs 2,800
100 gram	Rs 28,000
1 kilogram	Rs 2,80,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 280	Rs 285	– Rs 5
10 gram	Rs 2,800	Rs 2,850	– Rs 50
100 gram	Rs 28,000	Rs 28,500	– Rs 500
1 kilogram	Rs 2,80,000	Rs 2,85,000	– Rs 5,000

Why silver prices are falling today

Silver prices continue to react to movements in crude oil prices, US Treasury yields, inflation expectations and geopolitical developments.

Higher energy prices linked to tensions in West Asia have increased inflation concerns, while expectations of elevated interest rates have pressured sentiment across precious metal markets.

Analysts said silver prices are likely to remain volatile in the near term as investors monitor geopolitical developments, Federal Reserve signals and global commodity market trends.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Silver rate today in Chennai May 20 2026: Silver at ₹285 per 10 gram, ₹2,85,000 per kg

Aditya Bhagchandani — Wed, 20 May 2026 08:08:36 +0000

Silver prices in Chennai remained elevated on Wednesday, May 20, even as international silver prices witnessed sharp volatility amid rising geopolitical tensions, inflation concerns and uncertainty surrounding US interest rates.

According to the latest rates, silver in Chennai was priced at Rs 285 per 10 gram, Rs 28,500 per 100 gram and Rs 2,85,000 per kilogram.

Globally, silver traded below $75 an ounce after plunging more than 5% in the previous session. Market sentiment remained under pressure as escalating tensions between the United States and Iran increased concerns over inflation and the possibility of higher interest rates.

US President Donald Trump warned that the US could resume strikes on Iran within “two or three days” if Tehran failed to accept Washington’s peace terms. The prolonged conflict has also kept focus on disruptions around the Strait of Hormuz, pushing crude oil prices higher and increasing inflationary pressure across global markets.

Silver prices have also given up some of the gains recorded earlier this month that were supported by optimism around AI linked demand and data centre infrastructure related metal consumption.

Silver rate today in Chennai

Quantity	Today Price
10 gram	Rs 2,850
100 gram	Rs 28,500
1 kilogram	Rs 2,85,000

Silver price movement today

Quantity	Today	Yesterday	Change
1 gram	Rs 285	Rs 285	No Change
10 gram	Rs 2,850	Rs 2,850	No Change
100 gram	Rs 28,500	Rs 28,500	No Change
1 kilogram	Rs 2,85,000	Rs 2,85,000	No Change

Why silver prices are volatile today

Silver prices are currently reacting to developments in crude oil markets, geopolitical tensions, inflation expectations and movements in US bond yields.

Higher oil prices linked to the Iran conflict have increased concerns over inflation and global economic uncertainty. Rising Treasury yields and expectations of elevated interest rates have also impacted sentiment in precious metal markets.

Analysts said silver prices may remain volatile in the near term as investors continue tracking geopolitical developments, energy prices and signals from the US Federal Reserve.

Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.

Gold rate today in Ahmedabad May 20 2026: 24K ₹15,840, 22K ₹14,520, 18K ₹11,881 per gram

Aditya Bhagchandani — Wed, 20 May 2026 08:06:23 +0000

Gold prices in Ahmedabad increased on Wednesday, May 20, amid volatility in global bullion markets, rising crude oil prices and ongoing geopolitical tensions linked to the Iran conflict.

According to the latest rates, 24 karat gold in Ahmedabad was priced at Rs 15,840 per gram, while 22 karat gold stood at Rs 14,520 per gram. The 18 karat gold rate in Ahmedabad was recorded at Rs 11,881 per gram.

Domestic gold prices moved higher despite weakness in international bullion futures during early European trading hours. Analysts said a stronger US dollar and rising Treasury yields have pressured global gold prices, while inflation concerns linked to elevated energy prices continue to support safe haven demand.

Investors are also closely tracking the release of the US Federal Reserve meeting minutes later on Wednesday for further direction on interest rate expectations and monetary policy outlook.

Gold rate today in Ahmedabad

Gold Type	Price Today
24K Gold per gram	Rs 15,840
22K Gold per gram	Rs 14,520
18K Gold per gram	Rs 11,881

22K gold price in Ahmedabad today

Quantity	Today Price
1 gram	Rs 14,520
8 gram	Rs 1,16,160
10 gram	Rs 1,45,200
100 gram	Rs 14,52,000

Why gold prices are changing today

Gold prices continue to react to developments in global crude oil markets, inflation expectations, US bond yields and geopolitical uncertainty.

Higher crude oil prices linked to tensions in West Asia have increased inflation concerns globally, while rising US Treasury yields have impacted investor sentiment across bullion markets.

Analysts said gold prices may remain volatile in the near term as traders monitor Federal Reserve commentary, oil market movements and geopolitical developments.

Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.

Gold rate today in Pune May 20 2026: 24K ₹15,835, 22K ₹14,515, 18K ₹11,876 per gram

Aditya Bhagchandani — Wed, 20 May 2026 08:04:22 +0000

Gold prices in Pune increased on Wednesday, May 20, amid volatility in global bullion markets, rising crude oil prices and persistent geopolitical tensions in West Asia.

According to the latest rates, 24 karat gold in Pune was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Pune was recorded at Rs 11,876 per gram.

Domestic gold prices moved higher despite weakness in international gold futures during early European trading. Analysts said rising US Treasury yields and a stronger dollar have pressured global bullion prices, while inflation concerns linked to elevated energy prices continue to influence safe haven demand.

Investors are also closely tracking the US Federal Reserve meeting minutes scheduled later on Wednesday for signals regarding future interest rate policy and monetary tightening.

Gold rate today in Pune

Gold Type	Price Today
24K Gold per gram	Rs 15,835
22K Gold per gram	Rs 14,515
18K Gold per gram	Rs 11,876

22K gold price in Pune today

Quantity	Today Price
1 gram	Rs 14,515
8 gram	Rs 1,16,120
10 gram	Rs 1,45,150
100 gram	Rs 14,51,500

Why gold prices are moving today

Gold prices continue to remain sensitive to movements in crude oil prices, inflation expectations, US Treasury yields and geopolitical developments.

Persistent tensions in West Asia have increased concerns over global energy supplies and inflation, while higher US bond yields have added volatility across bullion markets.

Analysts said gold prices may remain volatile in the near term as investors react to Federal Reserve commentary, oil price movements and broader global market sentiment.

Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.

Gold rate today in Kerala May 20 2026: 24K ₹15,835, 22K ₹14,515, 18K ₹11,876 per gram

Aditya Bhagchandani — Wed, 20 May 2026 08:03:20 +0000

Gold prices in Kerala rose on Wednesday, May 20, amid volatility in international bullion markets, elevated crude oil prices and ongoing geopolitical tensions linked to the Iran conflict.

According to the latest rates, 24 karat gold in Kerala was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Kerala was recorded at Rs 11,876 per gram.

Domestic gold prices witnessed gains despite weakness in international gold futures during early European trading. Analysts said a stronger US dollar and rising Treasury yields have pressured global bullion prices, while inflation concerns tied to higher oil prices continue to keep bullion markets volatile.

Investors are also awaiting the release of the US Federal Reserve meeting minutes later on Wednesday for further guidance on the interest rate outlook.

Gold rate today in Kerala

Gold Type	Price Today
24K Gold per gram	Rs 15,835
22K Gold per gram	Rs 14,515
18K Gold per gram	Rs 11,876

22K gold price in Kerala today

Quantity	Today Price
1 gram	Rs 14,515
8 gram	Rs 1,16,120
10 gram	Rs 1,45,150
100 gram	Rs 14,51,500

What is driving gold prices today

Gold prices continue to react to developments in global crude oil markets, bond yields, inflation expectations and geopolitical tensions.

Higher oil prices linked to the ongoing Iran conflict have increased concerns over inflation and economic uncertainty globally. At the same time, rising US Treasury yields have impacted sentiment across precious metal markets.

Analysts said gold prices may remain volatile in the near term as investors track Federal Reserve commentary, global energy prices and geopolitical developments.

Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.

Gold rate today in Hyderabad May 20 2026: 24K ₹15,835, 22K ₹14,515, 18K ₹11,876 per gram

Aditya Bhagchandani — Wed, 20 May 2026 08:02:59 +0000

Gold prices in Hyderabad increased on Wednesday, May 20, amid continued volatility in global bullion markets, rising crude oil prices and geopolitical tensions linked to the ongoing Iran conflict.

According to the latest rates, 24 karat gold in Hyderabad was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Hyderabad was recorded at Rs 11,876 per gram.

Domestic gold prices moved higher despite weakness in international gold futures during early European trading hours. Analysts said rising US Treasury yields and a stronger dollar have weighed on global bullion prices, while inflation concerns driven by elevated energy prices continue to support safe haven demand.

Market participants are also closely tracking the US Federal Reserve meeting minutes scheduled later on Wednesday for further indications on interest rate policy and monetary outlook.

Gold rate today in Hyderabad

Gold Type	Price Today
24K Gold per gram	Rs 15,835
22K Gold per gram	Rs 14,515
18K Gold per gram	Rs 11,876

22K gold price in Hyderabad today

Quantity	Today Price
1 gram	Rs 14,515
8 gram	Rs 1,16,120
10 gram	Rs 1,45,150
100 gram	Rs 14,51,500

Why gold prices are changing today

Gold prices remain sensitive to developments in global crude oil markets, US bond yields, inflation trends and geopolitical uncertainty.

Persistent tensions in West Asia have increased concerns over energy supply disruptions and inflation, while rising Treasury yields continue to impact investor positioning across bullion markets.

Analysts expect gold prices to remain volatile in the near term as traders react to Federal Reserve commentary, crude oil price movement and geopolitical developments.

Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.

Gold rate today in Bangalore May 20 2026: 24K ₹15,835, 22K ₹14,515, 18K ₹11,876 per gram

Aditya Bhagchandani — Wed, 20 May 2026 08:01:09 +0000

Gold prices in Bangalore rose on Wednesday, May 20, amid volatility in global bullion markets, elevated crude oil prices and continued geopolitical tensions in West Asia.

According to the latest rates, 24 karat gold in Bangalore was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Bangalore was recorded at Rs 11,876 per gram.

Domestic gold prices moved higher despite weakness in international gold futures during early European trading. Analysts said rising US Treasury yields and a stronger US dollar have pressured global bullion prices, while concerns over inflation linked to higher oil prices continue to influence market sentiment.

Investors are also awaiting the US Federal Reserve meeting minutes later on Wednesday for more clarity on the interest rate outlook and future monetary policy direction.

Gold rate today in Bangalore

Gold Type	Price Today
24K Gold per gram	Rs 15,835
22K Gold per gram	Rs 14,515
18K Gold per gram	Rs 11,876

22K gold price in Bangalore today

Quantity	Today Price
1 gram	Rs 14,515
8 gram	Rs 1,16,120
10 gram	Rs 1,45,150
100 gram	Rs 14,51,500

What is affecting gold prices today

Gold prices are currently being influenced by multiple global factors including crude oil prices, US bond yields, inflation expectations and geopolitical developments.

Higher oil prices due to the Iran conflict have increased inflation concerns globally, while rising Treasury yields have added pressure on bullion markets.

Analysts said gold prices may remain volatile in the near term as traders react to Federal Reserve commentary, global energy markets and geopolitical developments.

Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.

Gold rate today in Kolkata May 20 2026: 24K ₹15,835, 22K ₹14,515, 18K ₹11,876 per gram

Aditya Bhagchandani — Wed, 20 May 2026 07:59:48 +0000

Gold prices in Kolkata increased on Wednesday, May 20, amid continued volatility in international bullion markets, rising crude oil prices and geopolitical tensions linked to the ongoing Iran conflict.

According to the latest rates, 24 karat gold in Kolkata was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Kolkata was recorded at Rs 11,876 per gram.

Domestic gold prices moved higher despite weakness in global gold futures during early European trading hours. Analysts said a stronger US dollar and rising Treasury yields have pressured international bullion prices, while inflation concerns driven by elevated energy prices continue to influence safe haven demand.

Market participants are also awaiting the release of the US Federal Reserve meeting minutes later on Wednesday for further clarity on interest rate expectations and monetary policy direction.

Gold rate today in Kolkata

Gold Type	Price Today
24K Gold per gram	Rs 15,835
22K Gold per gram	Rs 14,515
18K Gold per gram	Rs 11,876

22K gold price in Kolkata today

Quantity	Today Price
1 gram	Rs 14,515
8 gram	Rs 1,16,120
10 gram	Rs 1,45,150
100 gram	Rs 14,51,500

Why gold prices are rising today

Gold prices continue to react to movements in global bond yields, crude oil prices, inflation expectations and geopolitical developments.

Persistent tensions in West Asia have increased uncertainty across financial markets and supported volatility in commodity prices. At the same time, rising US Treasury yields have impacted investor positioning in bullion markets globally.

Analysts said near term gold price trends will remain linked to developments in crude oil markets, Federal Reserve commentary and broader global risk sentiment.

Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.

Gold rate today in Delhi May 20 2026: 24K ₹15,850, 22K ₹14,530, 18K ₹11,891 per gram

Aditya Bhagchandani — Wed, 20 May 2026 07:59:28 +0000

Gold prices in Delhi moved higher on Wednesday, May 20, amid volatility in global bullion markets, rising crude oil prices and continued geopolitical uncertainty surrounding the Iran conflict.

According to the latest rates, 24 karat gold in Delhi was priced at Rs 15,850 per gram, while 22 karat gold stood at Rs 14,530 per gram. The 18 karat gold rate in Delhi was recorded at Rs 11,891 per gram.

Domestic gold prices witnessed gains despite weakness in international bullion futures during early European trading. Analysts said rising US Treasury yields and a stronger US dollar have weighed on global gold prices, while inflation concerns linked to elevated oil prices continue to keep safe haven demand active.

Market participants are also monitoring the US Federal Reserve meeting minutes scheduled later on Wednesday for signals on the future interest rate path.

Gold rate today in Delhi

Gold Type	Price Today
24K Gold per gram	Rs 15,850
22K Gold per gram	Rs 14,530
18K Gold per gram	Rs 11,891

22K gold price in Delhi today

Quantity	Today Price
1 gram	Rs 14,530
8 gram	Rs 1,16,240
10 gram	Rs 1,45,300
100 gram	Rs 14,53,000

What is driving gold prices today

Gold prices are currently being influenced by multiple global factors including crude oil prices, bond market yields, inflation expectations and geopolitical developments.

Persistent tensions in West Asia have pushed oil prices higher, increasing concerns over inflation and global economic uncertainty. At the same time, higher US Treasury yields have added pressure on bullion prices globally.

Analysts believe gold prices may remain volatile in the near term as investors react to developments related to the Federal Reserve, energy markets and geopolitical risks.

Disclaimer: Gold prices mentioned above are indicative and may vary depending on jeweller pricing, local taxes and making charges.

Gold rate today in Mumbai May 20 2026: 24K ₹15,835, 22K ₹14,515, 18K ₹11,876 per gram

Aditya Bhagchandani — Wed, 20 May 2026 07:58:51 +0000

Gold prices in Mumbai rose on Wednesday, May 20, amid continued volatility in global bullion markets, rising crude oil prices and geopolitical tensions linked to the ongoing Iran conflict.

According to the latest rates, 24 karat gold in Mumbai was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Mumbai was recorded at Rs 11,876 per gram.

The increase in domestic gold prices comes even as international gold futures traded lower during early European hours. Analysts said a stronger US dollar and rising Treasury yields have pressured global bullion prices, while inflation concerns linked to higher energy prices continue to support safe haven demand.

Market participants are also closely watching the release of the US Federal Reserve meeting minutes later on Wednesday for further direction on interest rates and monetary policy outlook.

Gold rate today in Mumbai

Gold Type	Price Today
24K Gold per gram	Rs 15,835
22K Gold per gram	Rs 14,515
18K Gold per gram	Rs 11,876

22K gold price in Mumbai today

Quantity	Today Price
1 gram	Rs 14,515
8 gram	Rs 1,16,120
10 gram	Rs 1,45,150
100 gram	Rs 14,51,500

Why gold prices are moving today

Gold prices remain sensitive to movements in crude oil prices, US Treasury yields, dollar strength and geopolitical developments.

Persistent tensions in West Asia and concerns over inflation have kept investors cautious, while elevated bond yields have increased volatility across commodity markets.

Experts said further movement in gold prices will depend on signals from the Federal Reserve, developments in global crude oil markets and investor sentiment towards safe haven assets.

Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers and cities due to local taxes, transportation charges and making charges.

Gold rate today in Chennai rises on May 20; check latest 22K and 24K gold prices

Aditya Bhagchandani — Wed, 20 May 2026 07:58:05 +0000

Gold prices in Chennai moved higher on Wednesday, May 20, tracking volatility in international bullion markets, rising crude oil prices and continued geopolitical tensions linked to the Iran conflict.

According to the latest rates, 24 karat gold in Chennai was priced at Rs 16,091 per gram, while 22 karat gold stood at Rs 14,750 per gram. The 18 karat gold rate in Chennai was recorded at Rs 12,335 per gram.

The rise in domestic gold prices comes despite weakness in global gold futures during early European trading. International bullion prices remained under pressure as the US dollar strengthened and bond yields climbed further amid expectations that interest rates may remain elevated for a longer period.

Market sentiment has also been impacted by persistent inflation concerns driven by higher crude oil prices and uncertainty surrounding developments in West Asia.

Analysts said investors are closely tracking the US Federal Reserve meeting minutes scheduled later on Wednesday for further signals on the future interest rate trajectory.

Gold rate today in Chennai

Gold Type	Price Today
24K Gold per gram	Rs 16,091
22K Gold per gram	Rs 14,750
18K Gold per gram	Rs 12,335

22K gold price in Chennai today

Quantity	Today Price
1 gram	Rs 14,750
8 gram	Rs 1,18,000
10 gram	Rs 1,47,500
100 gram	Rs 14,75,000

Why gold prices are rising today

Gold prices in India remained volatile amid a combination of global and domestic factors including movement in the US dollar index, Treasury yields, crude oil prices and geopolitical developments.

Higher oil prices linked to the Iran conflict have increased inflation concerns globally, while rising US bond yields have also influenced investor sentiment across commodity markets.

Traders are also watching for cues from the Federal Reserve regarding the interest rate path, which could impact bullion demand and global gold prices further.

Disclaimer: Gold prices mentioned above are indicative and may vary depending on jeweller pricing, making charges and local taxes.

Commodities market update: gold at ₹158,499.00 falls 0.37%, silver at ₹269,828.00 down 0.11%, crude oil at ₹10,066.00 gains 0.39%

Kinjal — Wed, 20 May 2026 06:30:14 +0000

On May 20, 2026, the Multi Commodity Exchange (MCX) witnessed a mixed trading session with gold prices declining to ₹158,499.00, marking a 0.37% decrease from its opening level of ₹158,974.00. Silver also edged lower, trading at ₹269,828.00, down 0.11% from its opening price of ₹267,230.00. The market’s focus remains on the ongoing reassessment of geopolitical tensions in West Asia following recent developments.

Precious metals

Gold experienced a fluctuating session, reaching a high of ₹160,378.00 early in the day before declining. The precious metal’s trajectory showed a gradual decline, with notable levels at ₹158,243.00 at 09:15 and ₹158,499.00 by 11:45. Silver, despite its slight decrease, saw a high of ₹269,850.00. Gold Mini also mirrored the broader gold market trend, closing at ₹157,938.00, a 0.31% drop from its opening price of ₹157,362.00.

Energy commodities

Crude oil prices showed resilience, trading at ₹10,066.00, a 0.39% increase from the opening level of ₹10,083.00. The commodity reached a high of ₹10,104.00 during the session. Natural gas also saw a modest gain, closing at ₹300.80, up 0.47% from its opening price of ₹300.00, with a session high of ₹301.30.

Base metals

In the base metals segment, aluminium and zinc both recorded gains. Aluminium traded at ₹385.50, a 0.29% increase from its opening of ₹381.00, while zinc closed at ₹367.35, also up 0.29% from its opening price of ₹366.95. Copper remained stable, ending the session at ₹1,337.60, unchanged from its opening level.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	158,499.00	-0.37%
Silver	267,230.00	269,850.00	266,850.00	269,828.00	-0.11%
Natural Gas	300.00	301.30	299.80	300.80	+0.47%
Crude Oil	10,083.00	10,104.00	10,011.00	10,066.00	+0.39%
Gold Mini	157,362.00	158,025.00	157,152.00	157,938.00	-0.31%
Aluminium	381.00	386.55	379.00	385.50	+0.29%
Zinc	366.95	367.60	365.55	367.35	+0.29%
Copper	1,332.05	1,337.60	1,332.00	1,337.60	+0.00%

Outlook

The commodity market continues to be influenced by geopolitical developments, particularly in West Asia. Traders are closely monitoring the situation following the recent pause in tensions, which has affected market sentiment. The strength of the US dollar remains a crucial factor for precious metals, while energy and base metals are likely to be driven by supply and demand dynamics.

Data as on May 20, 2026, 12:00 PM IST.

Gold jewellery buyers vanish in 10 days — PM Modi’s appeal, 15% duty hike, and Iran war have killed demand

Aditya Bhagchandani — Wed, 20 May 2026 06:21:26 +0000

India’s gold jewellery trade is in open distress. The Gold Jewellery Association told CNBC Awaaz on Wednesday that buyer footfall has collapsed over the last 10 days — a demand freeze that is the product of three simultaneous shocks: Prime Minister Narendra Modi’s unprecedented public appeal to citizens to stop buying gold, the government’s doubling of import duties to 15%, and a global gold price at historic highs driven by the Iran war and rupee depreciation.

How it started: PM Modi’s appeal

On May 10, PM Modi urged Indian households to avoid buying gold jewellery for a year unless absolutely necessary, framing it as an act of national economic discipline against the backdrop of rising crude oil prices, a weakening rupee, and growing pressure on India’s current account deficit. He added that while there was no need to donate gold, citizens should avoid buying gold jewellery during ceremonies and events in the national interest, saying that saving foreign exchange was an important responsibility in the current situation.

The duty hike that followed

The next day, the government formalised the signal into policy — raising the Basic Customs Duty on gold from 5% to 10% and the Agriculture Infrastructure and Development Cess from 1% to 5%, taking the total effective import duty to 15%. According to the Global Trade Research Initiative, the total effective import levy on gold including 3% GST has now doubled from 9.18% to 18.45% — meaning a shipment previously attracting ₹9.18 in taxes per ₹100 of value now attracts ₹18.45.

The government also tightened rules for duty-free gold imports, fixing a maximum limit of 100 kilograms of gold per licence under the Advance Authorization scheme — changes that came into effect immediately.

What the numbers were already showing

The jewellery association’s distress call on Wednesday is consistent with a demand collapse that data had already begun to capture. India’s gold jewellery demand fell 19% year-on-year to 66.1 tonnes in Q1 2026 — one of the weakest first-quarter volumes in recent decades — as record-high prices weighed on affordability. Despite the volume drop, value demand rose 47% to ₹99,920 crore, driven by elevated prices. Gold imports had already collapsed well before the appeal — from approximately 100 tonnes in January 2026 to an estimated 15 tonnes in April 2026, described as a three-decade low outside of COVID.

For the first time on record, investment-led gold purchases exceeded jewellery consumption in India during the March quarter — investment demand rose 52% year-on-year to 82 tonnes while jewellery fell 19.5% to 66 tonnes. Indian consumers are still buying gold — just not as jewellery.

The wedding season wildcard

In the two days immediately following Modi’s appeal, bridal jewellery sales briefly surged 15–20% above average daily sales as some buyers rushed purchases ahead of weddings scheduled for later in the year. But the duty hike subsequently normalised that panic, with industry voices expecting volumes to dip 10–15% as a result of the customs duty increase.

Jewellery stocks already pricing in the damage

Markets moved fast to price in the demand destruction — Titan dropped as much as 8%, Kalyan Jewellers closed down 9.1%, and Senco Gold fell up to 12% intraday on May 11, suggesting investors are not betting on a demand surge. The Jefferies note flagged that the key overhang for the market is policy uncertainty — specifically whether the 15% duty is the end of tightening or the beginning of a sequence similar to 2013–15, when gold import restrictions were progressively tightened over two years before being unwound.

The institutional paradox

Even as PM Modi urged citizens to stop buying gold, the Reserve Bank of India has been moving in precisely the opposite direction — India’s sovereign gold holdings grew from 794.64 MT in September 2025 to 880.52 MT by March 2026, with gold’s share of total forex reserves rising from 13.92% to 16.7%. The state is accumulating what it is asking citizens to forgo — a contradiction that has not gone unnoticed in the trade.

This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.

Gold falls on MCX as India doubles import tax to 15% — here’s everything the government is doing to fight the Iran war fallout

Aditya Bhagchandani — Wed, 20 May 2026 04:44:09 +0000

Gold futures on the Multi Commodity Exchange fell 0.48% to ₹1,58,311 per 10 grams on Wednesday morning as a combination of global pressure and India-specific policy tightening weighed on domestic bullion prices. The decline comes even as the government scrambles to contain the economic damage from the Iran war — a crisis that has sent oil prices surging 50%, driven the rupee to an all-time low, and triggered the most aggressive battery of currency defence measures India has deployed in over a decade.

What India has done so far

The government more than doubled import taxes on gold and silver to approximately 15% from 6% to reduce dollar outflows, following a rare direct appeal from Prime Minister Narendra Modi to citizens to forgo gold purchases. Silver imports have been reclassified from “free” to “restricted,” meaning only shipments licensed by the Directorate General of Foreign Trade can now enter the country.

State-run refiners raised fuel prices for the second time in less than a week on Tuesday — diesel and petrol had already been hiked over 3% the previous week. The increases are calibrated to avoid a single shock, with the government opting for staggered hikes to balance inflationary and fiscal pressures simultaneously.

The Reserve Bank of India has spent approximately $32 billion in foreign exchange reserves defending the rupee since the war began. It has restricted banks from the full range of FX derivative deals with related parties and imposed a $100 crore cap on onshore open positions for lenders.

What India is considering next

The policy toolkit is not exhausted. India is weighing a reduction in taxes paid by foreign investors on Indian bonds to draw capital inflows and slow rupee depreciation. The RBI is also considering a plan for state lenders to sell foreign-currency bonds — a tool last used nearly three decades ago.

Exporters may be asked to repatriate dollar earnings immediately upon receipt rather than holding them in Exchange Earners’ Foreign Currency accounts until the end of the following month. The annual limit under the Liberalised Remittance Scheme — currently $2.5 lakh per individual for travel, education, and other permitted uses — may be temporarily cut for select categories to reduce dollar outflows. Nomura analysts flagged LRS tightening as among the most likely near-term measures in a note dated May 13.

The government is also weighing higher import duties on edible oils following a request from the domestic vegetable oil industry, as palm oil prices have risen approximately 12% since the war began.

The bigger tools if stress deepens

If the rupee comes under sustained pressure, the RBI has two heavier instruments available. It could raise the cash reserve ratio — temporarily draining liquidity from banks and raising the cost of funds — a tool used during the 2013 taper tantrum when the rupee last faced comparable stress. Former RBI Deputy Governor Michael Patra has publicly outlined a second option: tapping the US Federal Reserve’s Foreign and International Monetary Authorities repo facility by pledging part of India’s $190 billion in Treasury holdings, allowing the RBI to access dollars through overnight repo operations without incurring interest rate or counterparty risk.

NRI deposits — another 2013 playbook instrument that raised $30 billion at 3.5% — are available in principle but prohibitively expensive now, with the Fed’s target rate at 3.75% and global hedging costs elevated.

Why gold prices are caught in the middle

The domestic gold price decline reflects the global selloff driven by rising real rates and dollar strength, but the import duty hike adds a further layer of complexity for Indian buyers. Higher duties raise the landed cost of imported gold even as international prices fall — compressing margins for jewellers and making retail demand calculations harder. With the wedding season approaching and prices near record levels in rupee terms, the government is betting that duty increases will dampen import demand enough to provide measurable relief to the currency. Whether that bet holds depends heavily on how long the Iran conflict continues to keep oil elevated.

This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.

Silver falls below $75 as Trump’s Iran strike threat keeps inflation fears alive — gold also down

Aditya Bhagchandani — Wed, 20 May 2026 04:41:18 +0000

Silver dropped below $75 an ounce on Wednesday, extending a more than 5% plunge from the previous session, as renewed threats of US military strikes on Iran kept inflation fears elevated and pushed back expectations of any Federal Reserve rate relief through 2026.

Why silver is falling today

The immediate trigger is geopolitical. President Donald Trump warned on Tuesday that the US could resume strikes on Iran within two to three days if Tehran failed to accept Washington’s peace terms — comments that came shortly after he said he had called off a planned attack following appeals from Gulf allies. Iran’s nuclear programme remains the central obstacle in negotiations, and with no resolution in sight, the Strait of Hormuz has effectively remained closed to shipping traffic. Elevated oil prices from the supply disruption are feeding directly into inflation expectations, which in turn are pushing Treasury yields higher and strengthening the dollar — a combination that hits non-yielding precious metals hard.

Silver had also surrendered gains built earlier this month on optimism around AI-related demand, as data-centre infrastructure buildout drove expectations of stronger industrial metal consumption. Those gains are now gone.

Gold’s Tuesday slide sets the tone

Gold fell 1.4% to $4,503.98 per ounce in spot markets on Tuesday, touching its lowest level since March 30, while June futures settled 1% lower at $4,511.20. Benchmark 10-year US Treasury yields were near a more than one-year high. Edward Meir, analyst at Marex, pointed to a multi-country rise in real rates as the dominant pressure on gold, compounded by dollar strength. Higher yields raise the opportunity cost of holding gold; a stronger dollar makes dollar-priced commodities more expensive for international buyers — both forces working simultaneously against the metal.

Markets now see virtually no scope for Fed rate cuts through most of 2026, with expectations shifting toward no change or outright tightening later in the year as energy-driven inflation from the West Asia conflict keeps price pressures alive.

What the analysts are saying

Ole Hansen, head of commodity strategy at Saxo Bank, noted that while the structural investment case for gold remains largely intact, shorter-term macro developments have created a more challenging backdrop. He added that once immediate energy-related pressures begin to ease, central bank demand may re-emerge as the dominant driver of gold prices.

Tuesday’s session also dragged down the wider precious metals complex. Platinum fell 2.2% to $1,936.10, while palladium dropped 4.2% to $1,359.26. J.P. Morgan, in a forecast issued Sunday, sees platinum recovering to $2,400 per ounce and palladium reaching $1,600 per ounce by the fourth quarter of 2026.

The India angle

Precious metal price swings of this scale have direct consequences for India, the world’s second-largest gold consumer and a major silver importer. A sustained drop in silver prices provides relief to industrial buyers — particularly in solar panel manufacturing and electronics — while a weaker gold price, if sustained, typically spurs retail jewellery demand ahead of the wedding season. However, any rupee depreciation from the broader risk-off environment triggered by the Iran conflict can offset import price benefits for Indian buyers.

Market participants are now watching the minutes of the Federal Reserve’s latest policy meeting, due Wednesday, for signals on the rate trajectory.

This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.

Commodities market opens: gold at ₹158,243.00 falls 0.53%, silver at ₹268,240.00 drops 0.70%, gold mini at ₹157,600.00 down 0.52%

Kinjal — Wed, 20 May 2026 04:00:17 +0000

The commodities market on the Multi Commodity Exchange opened with a mixed tone on May 20, 2026. Gold prices fell to ₹158,243.00, marking a 0.53% decline from the opening level, as the market continues to reassess the impact of the recent geopolitical developments in West Asia. Silver also experienced a downturn, with its price decreasing by 0.70% to ₹268,240.00. The market’s response comes in the wake of a pause in the Iran strike announced by Trump, which has influenced investor sentiment.

Precious metals

Gold opened at ₹158,974.00 and reached a high of ₹160,378.00 before declining to its current level of ₹158,243.00. The gold mini contract also saw a decrease, currently priced at ₹157,600.00, down 0.52% from its opening of ₹157,362.00. Silver opened at ₹267,230.00 and slightly increased to a high of ₹268,464.00, but it currently stands at ₹268,240.00.

Energy commodities

In the energy sector, natural gas prices showed a modest increase, currently at ₹300.90, up 0.50% from its opening price of ₹300.00. Crude oil, however, saw a slight decrease, currently priced at ₹10,075.00, reflecting a 0.48% increase from its opening level of ₹10,083.00.

Base metals

Among base metals, aluminium prices rose to ₹385.25, marking a 0.22% increase from the opening price of ₹381.00. Copper saw a minor increase to ₹1,335.10, up 0.18% from its opening of ₹1,332.05. Zinc remained relatively stable, with a slight decrease to ₹366.70, down 0.11% from its opening level of ₹366.95.

Commodity	Open	High	Low	Current	Change %
Gold	158,974.00	160,378.00	157,959.00	158,243.00	-0.53%
Silver	267,230.00	268,464.00	267,230.00	268,240.00	-0.70%
Gold Mini	157,362.00	157,827.00	157,152.00	157,600.00	-0.52%
Natural Gas	300.00	301.20	299.80	300.90	+0.50%
Crude Oil	10,083.00	10,104.00	10,011.00	10,075.00	+0.48%
Aluminium	381.00	386.55	379.00	385.25	+0.22%
Copper	1,332.05	1,336.00	1,332.05	1,335.10	-0.18%
Zinc	366.95	366.95	365.80	366.70	+0.11%

Outlook

The market’s mixed performance reflects ongoing uncertainty in the geopolitical landscape, particularly in West Asia. Investors are closely monitoring developments following the recent pause in military actions. The strength of the US dollar also remains a key factor influencing precious metals, with potential implications for future price movements.

Data as on May 20, 2026, 09:30 AM IST.

MCX gold and silver slip in early trade on May 20 as crude recovers to ₹10,095 — here is what is moving commodities this morning

Aditya Bhagchandani — Wed, 20 May 2026 03:34:02 +0000

Commodity markets on the Multi Commodity Exchange opened with a mixed tone on May 20, 2026, with precious metals — gold and silver — edging lower in early trade while energy and industrial metals moved modestly higher, reflecting the market’s continued reassessment of the West Asia crisis following Trump’s Iran strike pause announced on May 18-19.

MCX Gold — the front-month futures contract — was trading at ₹1,58,086 per 10 grams at approximately 9 AM, down ₹994 or 0.62% from the previous close. MCX Silver was at ₹2,68,340 per kilogram, down ₹1,779 or 0.66% — a slightly sharper pullback than gold, reflecting silver’s higher beta to short-term sentiment shifts. The precious metals correction on May 20 follows the modest recovery seen on May 19, when gold rose to approximately $4,585 per ounce internationally on Trump’s Iran diplomatic signal. Today’s pullback suggests profit-taking and a reassessment of how durable the Iran peace signal actually is — with no formal deal announced and the Strait of Hormuz still not reopened, the acute geopolitical premium is being partially unwound without the structural support disappearing.

MCX Crude Oil was trading at ₹10,095 per barrel, up ₹68 or 0.68% — recovering from the sharp 3.93% drop seen on May 19 when Trump’s Iran strike cancellation sent crude sharply lower. The partial recovery on May 20 reflects the market’s recalibration: the strike has been paused, not abandoned, and the Hormuz closure remains in effect. Until a formal Iran deal is signed and shipping lanes reopen, crude’s downside is likely to be limited even as the upside is capped by diplomatic progress. MCX Natural Gas was at ₹300.40 per MMBtu, up ₹1.00 or 0.33%, maintaining its modest upward bias on LNG export demand.

In base metals, MCX Copper was at ₹1,334.30 per kilogram, down ₹3.25 or 0.24% — a marginal pullback consistent with the cautious tone across risk assets in early trade. MCX Zinc was essentially flat at ₹366.35, up just ₹0.05 or 0.01%. MCX Aluminium was at ₹384.50, up ₹0.10 or 0.03% — a negligible move reflecting the absence of a clear directional catalyst for industrial metals in morning trade.

The macro context driving May 20 commodity moves

The dominant macro variables for Indian commodity markets on May 20 remain unchanged from the past week — the West Asia crisis and Hormuz closure driving crude and energy prices, the rupee at record lows near 96.38 amplifying every international price move into a larger rupee-denominated impact, India’s 15% gold import duty maintaining a structural premium in domestic gold prices, and the diplomatic uncertainty around Iran preventing any sustained directional move in either direction across energy and safe-haven assets.

The gold and silver pullback in early trade on May 20 is consistent with the pattern seen whenever a concrete Iran de-escalation signal emerges — a partial unwinding of the war premium — followed by a partial recovery as markets recognise the signal has not translated into a formal resolution. Until either a credible Iran nuclear deal is announced or Hormuz shipping resumes, commodities are likely to remain in a wide range rather than trending decisively in either direction.

For Indian investors tracking MCX commodity prices, the morning update reflects a market in a holding pattern — waiting for the next concrete geopolitical development before committing to a new directional trade.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making investment decisions. Commodity prices are volatile and subject to rapid change.

Commodities market closing: gold at ₹159,136.00 down 0.17%, silver at ₹270,407.00 down 2.26%, natural gas at ₹300.20 up 2.63%

Kinjal — Tue, 19 May 2026 18:05:14 +0000

In the latest trading session, gold prices on the Multi Commodity Exchange (MCX) closed at ₹159,136.00, reflecting a slight decline of 0.17% from its opening level of ₹159,899.00. Silver also experienced a downturn, closing at ₹270,407.00, marking a 2.26% decrease from its opening price of ₹267,400.00. The fluctuations in these precious metals come amid varying cues from the strength of the US dollar, which often inversely affects gold and silver prices.

Precious metals

Gold’s trajectory throughout the day showed significant volatility, with prices reaching a high of ₹160,200.00 and a low of ₹158,420.00. The gold mini contract mirrored this trend, closing at ₹158,362.00, down 0.34% from its opening of ₹159,008.00. Silver, despite its decline, touched a high of ₹280,400.00 during the session, indicating some intra-day strength before settling lower.

Energy commodities

In the energy sector, natural gas emerged as the standout performer, closing at ₹300.20, a 2.63% increase from its opening of ₹290.40. This upward movement was supported by reaching a session high of ₹300.40. Crude oil also saw gains, closing at ₹10,020.00, up 0.97% from its opening level of ₹9,919.00, with a high of ₹10,150.00.

Base metals

Among base metals, aluminium closed at ₹384.85, up 0.96% from its opening price of ₹376.55, reaching a high of ₹386.55. Copper, however, saw a slight decline, ending the session at ₹1,337.80, down 0.78% from its opening of ₹1,342.00. Zinc showed modest gains, closing at ₹366.55, up 0.38% from its opening level of ₹362.05.

Commodity	Open	High	Low	Current	Change %
Gold	159,899.00	160,200.00	158,420.00	159,136.00	-0.17%
Silver	267,400.00	280,400.00	264,949.00	270,407.00	-2.26%
Natural Gas	290.40	300.40	287.10	300.20	+2.63%
Crude Oil	9,919.00	10,150.00	9,901.00	10,020.00	+0.97%
Aluminium	376.55	386.55	376.55	384.85	+0.96%
Copper	1,342.00	1,348.20	1,334.65	1,337.80	-0.78%
Zinc	362.05	367.90	359.00	366.55	+0.38%
Gold Mini	159,008.00	159,489.00	157,807.00	158,362.00	-0.34%

Outlook

As the commodities market continues to react to global economic indicators, traders will be closely monitoring the strength of the US dollar and its impact on precious metals. Energy commodities like natural gas and crude oil may see further volatility based on geopolitical developments and supply-demand dynamics. Base metals are expected to remain sensitive to industrial demand and macroeconomic trends.

Data as on May 19, 2026, 11:35 PM IST.

Commodities market late session: gold at ₹158,970.00 down 0.27%, silver at ₹269,269.00 down 2.67%, natural gas at ₹297.80 up 1.81%

Arunika Jain — Tue, 19 May 2026 16:30:19 +0000

In the late session of the commodities market on 19th May 2026, gold prices saw a decline, closing at ₹158,970.00, marking a 0.27% drop from its opening level of ₹159,899.00. Silver also experienced a decrease, ending the session at ₹269,269.00, down 2.67% from its opening. Meanwhile, natural gas emerged as the most notable mover, climbing 1.81% to close at ₹297.80.

Precious metals

Gold’s trajectory throughout the day showed fluctuations, with prices reaching a high of ₹160,200.00 and a low of ₹158,420.00. The precious metal faced pressure as it closed below its opening level. Silver, on the other hand, experienced a more significant decline, with its session high at ₹280,400.00 and a low of ₹264,949.00. The gold mini contract also mirrored the trend, closing at ₹158,250.00, down 0.41% from its opening of ₹159,008.00.

Energy commodities

Crude oil prices showed strength in the market, closing at ₹10,078.00, a 1.55% increase from its opening of ₹9,919.00. The commodity reached a high of ₹10,150.00 and a low of ₹9,901.00 during the session. Natural gas led the gains in the energy sector, closing at ₹297.80, up 1.81% from its opening of ₹290.40, with a session high of ₹300.30 and a low of ₹287.10.

Base metals

In the base metals category, copper prices slightly declined, closing at ₹1,337.20, a 0.82% decrease from its opening of ₹1,342.00. Aluminium showed a positive trend, closing at ₹384.05, up 0.75% from its opening of ₹376.55. Zinc also recorded gains, ending the session at ₹366.15, up 0.27% from its opening level of ₹362.05.

Commodity	Open	High	Low	Current	Change %
Gold	159,899.00	160,200.00	158,420.00	158,970.00	-0.27%
Silver	267,400.00	280,400.00	264,949.00	269,269.00	-2.67%
Natural Gas	290.40	300.30	287.10	297.80	+1.81%
Crude Oil	9,919.00	10,150.00	9,901.00	10,078.00	+1.55%
Copper	1,342.00	1,348.20	1,334.65	1,337.20	-0.82%
Aluminium	376.55	386.55	376.55	384.05	+0.75%
Gold Mini	159,008.00	159,489.00	157,807.00	158,250.00	-0.41%
Zinc	362.05	367.90	359.00	366.15	+0.27%

Outlook

The commodities market continues to be influenced by various factors, including currency fluctuations and global demand dynamics. Investors will be closely monitoring these elements as they navigate the market’s volatility. The performance of the US dollar remains a key driver for precious metals, while energy commodities are likely to react to geopolitical developments and supply chain conditions.

Data as on May 19, 2026, 10:00 PM IST.

Commodities market live: gold at ₹158,630.00 falls 0.48%, silver at ₹268,100.00 down 3.09%, crude oil at ₹10,096.00 gains 1.73%

Yash Agarwal — Tue, 19 May 2026 14:00:15 +0000

In today’s commodities market, gold prices have declined to ₹158,630.00, marking a 0.48% decrease from the opening level. Silver also experienced a drop, currently priced at ₹268,100.00, down 3.09% from its opening. Meanwhile, crude oil has shown strength, climbing to ₹10,096.00, a 1.73% increase from its opening price, making it the most notable mover in today’s session.

Precious metals

Gold opened at ₹159,899.00 and fluctuated throughout the day, reaching a high of ₹160,200.00 and a low of ₹158,420.00. The trajectory showed a steady decline in the latter part of the session, closing at ₹158,630.00. Silver, which opened at ₹267,400.00, hit a high of ₹280,400.00 but fell to a low of ₹264,949.00, ending the day at ₹268,100.00. The gold mini contract mirrored the movements of its larger counterpart, opening at ₹159,008.00 and closing at ₹158,081.00, down 0.52%.

Energy commodities

Crude oil demonstrated a positive trend, opening at ₹9,919.00 and reaching a high of ₹10,150.00 before settling at ₹10,096.00. This represents a 1.73% increase, highlighting its resilience in today’s market. Natural gas also saw gains, opening at ₹290.40 and closing at ₹297.20, up 1.61% from the start of the session.

Base metals

In the base metals segment, copper opened at ₹1,342.00 and closed slightly lower at ₹1,340.25, reflecting a 0.59% decrease. Aluminium showed positive momentum, opening at ₹376.55 and closing at ₹385.45, up 1.11%. Zinc also saw an uptick, opening at ₹362.05 and closing at ₹366.75, marking a 0.44% increase.

Commodity	Open	High	Low	Current	Change %
Gold	159,899.00	160,200.00	158,420.00	158,630.00	-0.48%
Silver	267,400.00	280,400.00	264,949.00	268,100.00	-3.09%
Crude Oil	9,919.00	10,150.00	9,901.00	10,096.00	+1.73%
Natural Gas	290.40	298.40	287.10	297.20	+1.61%
Aluminium	376.55	386.55	376.55	385.45	+1.11%
Copper	1,342.00	1,348.20	1,336.60	1,340.25	-0.59%
Gold Mini	159,008.00	159,489.00	157,807.00	158,081.00	-0.52%
Zinc	362.05	367.90	359.00	366.75	+0.44%

Outlook

As the commodities market continues to respond to various global cues, the strength of the US dollar remains a critical factor influencing precious metals like gold and silver. Energy commodities, particularly crude oil, are showing resilience, which may continue if current market conditions persist. Investors should keep an eye on currency fluctuations and geopolitical developments that could impact commodity prices in the coming days.

Data as on May 19, 2026, 07:30 PM IST.

Commodities market evening session: gold at ₹159,995.00 gains 0.37%, silver at ₹274,499.00 falls 0.78%, crude oil at ₹10,058.00 jumps 1.35%

Kinjal — Tue, 19 May 2026 11:30:12 +0000

In the commodities market today, gold prices rose to ₹159,995.00, marking a 0.37% increase from the opening level of ₹159,899.00. Silver, however, experienced a decline, closing at ₹274,499.00, down 0.78% from its opening price of ₹267,400.00. Crude oil emerged as the most significant mover, surging 1.35% to ₹10,058.00 from an opening of ₹9,919.00, reflecting strong market activity.

Precious metals

Gold’s trajectory throughout the day showed a steady climb, reaching a high of ₹160,200.00 and a low of ₹159,161.00. The precious metal’s upward movement was supported by fluctuations in the USD, which often inversely affects gold prices. Silver, on the other hand, saw a high of ₹280,400.00 and a low of ₹264,949.00, closing lower than its opening. The Gold Mini also followed a similar pattern, ending at ₹159,311.00, up 0.26% from its opening of ₹159,008.00.

Energy commodities

Crude oil demonstrated robust performance, with prices peaking at ₹10,080.00 and dipping to a low of ₹9,901.00. The energy sector’s strength was further reflected in natural gas, which closed at ₹293.80, a 0.44% increase from its opening price of ₹290.40, reaching a high of ₹297.30 during the session.

Base metals

Among base metals, aluminium recorded a notable gain, closing at ₹386.20, up 1.31% from its opening of ₹376.55. Zinc also saw positive movement, ending the day at ₹367.30, a 0.59% increase. Copper, however, experienced a slight decline, closing at ₹1,345.00, down 0.24% from its opening of ₹1,342.00.

Commodity	Open	High	Low	Current	Change %
Gold	159,899.00	160,200.00	159,161.00	159,995.00	0.37%
Silver	267,400.00	280,400.00	264,949.00	274,499.00	-0.78%
Crude Oil	9,919.00	10,080.00	9,901.00	10,058.00	1.35%
Aluminium	376.55	386.55	376.55	386.20	1.31%
Zinc	362.05	367.90	359.00	367.30	0.59%
Natural Gas	290.40	297.30	287.10	293.80	0.44%
Gold Mini	159,008.00	159,489.00	158,601.00	159,311.00	0.26%
Copper	1,342.00	1,348.20	1,338.25	1,345.00	-0.24%

Outlook

The commodities market continues to be influenced by various factors, including currency fluctuations and global demand dynamics. Investors will be closely monitoring these elements as they navigate the market, with particular attention to energy prices and their potential impact on broader economic conditions.

Data as on May 19, 2026, 05:00 PM IST.