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.