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.
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.