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.
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.