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.
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.