In the latest session of the Multi Commodity Exchange (MCX), gold prices fell to ₹1,49,350, marking a 1.32% decline from the opening level of ₹1,51,150. Silver also experienced a significant drop, closing at ₹2,39,095, down 2.93% from its opening price of ₹2,46,429. Meanwhile, crude oil emerged as the standout performer, surging by 4.11% to close at ₹10,062, reflecting a strong upward movement in the energy sector.
Precious metals
Gold’s trajectory throughout the trading session saw it reaching a high of ₹1,51,347 and a low of ₹1,48,760. The decline in gold prices was mirrored by silver, which recorded a high of ₹2,46,429 and a low of ₹2,37,500 during the day. The gold mini contract also saw a decrease, closing at ₹1,47,000, down 1.31% from its opening price of ₹1,48,973.
Energy commodities
Crude oil prices demonstrated a robust performance, closing at ₹10,062 after opening at ₹9,685. The commodity reached a high of ₹10,244 and a low of ₹9,516, reflecting strong demand in the energy market. Natural gas also saw gains, closing at ₹274.50, up 3.78% from its opening price of ₹267.00, with a high of ₹276.10 and a low of ₹264.50.
Base metals
In the base metals segment, aluminium prices edged up by 0.57%, closing at ₹371.00 after opening at ₹368.65. Copper saw a slight decline, closing at ₹1,277.00, down 0.41% from its opening of ₹1,282.95. Zinc prices remained relatively stable, closing at ₹342.50, a minor decrease of 0.26% from the opening price of ₹343.05.
| Commodity | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Gold | 1,51,150.00 | 1,51,347.00 | 1,48,760.00 | 1,49,350.00 | -1.32% |
| Silver | 2,46,429.00 | 2,46,429.00 | 2,37,500.00 | 2,39,095.00 | -2.93% |
| Crude Oil | 9,685.00 | 10,244.00 | 9,516.00 | 10,062.00 | +4.11% |
| Natural Gas | 267.00 | 276.10 | 264.50 | 274.50 | +3.78% |
| Gold Mini | 1,48,973.00 | 1,49,259.00 | 1,46,717.00 | 1,47,000.00 | -1.31% |
| Aluminium | 368.65 | 371.35 | 368.20 | 371.00 | +0.57% |
| Copper | 1,282.95 | 1,286.10 | 1,273.05 | 1,277.00 | -0.41% |
| Zinc | 343.05 | 343.95 | 341.40 | 342.50 | -0.26% |
Outlook
As the commodities market continues to react to global cues, the strength of the US dollar remains a key factor influencing the prices of precious metals like gold and silver. Energy commodities, particularly crude oil, are showing resilience with significant gains. Market participants will be closely monitoring these trends alongside any shifts in economic indicators that could impact future price movements.
Data as on May 4, 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.