In today’s commodities market session, gold prices experienced a decline, closing at ₹1,50,018, marking a 0.88% drop from its opening level of ₹1,51,150. Silver also faced a significant downturn, ending the day at ₹2,37,500, a 3.57% decrease from its opening price of ₹2,46,429. Meanwhile, crude oil emerged as the standout performer, climbing to ₹10,050, reflecting a 3.98% increase from its initial level of ₹9,685.
Precious metals
Gold’s trading session saw fluctuations, with its price reaching a high of ₹1,51,347 and a low of ₹1,48,913. The precious metal’s decline is partly attributed to the strength of the US dollar, which often inversely affects gold prices. Silver, on the other hand, showed a consistent downward trajectory throughout the day, with prices falling steadily from the morning session.
The gold mini contract mirrored the movement of standard gold, closing at ₹1,47,773, down 0.79% from its opening of ₹1,48,973. It recorded a high of ₹1,49,259 and a low of ₹1,46,804.
Energy commodities
Crude oil prices surged, closing at ₹10,050, which is a 3.98% increase from its opening price. The commodity reached a high of ₹10,244 and a low of ₹9,516 during the session. Natural gas also saw a positive movement, ending at ₹268.20, up 1.40% from its opening of ₹267. The high for natural gas was ₹272.40, with the low matching the opening price.
Base metals
In the base metals segment, aluminium showed a modest increase, closing at ₹370.30, up 0.38% from its opening of ₹368.65. Copper experienced a slight decline, ending at ₹1,277.50, down 0.37% from its opening level. Zinc also saw a minor decrease, closing at ₹342.25, a 0.33% drop from its opening price of ₹343.05.
| Commodity | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Gold | 1,51,150.00 | 1,51,347.00 | 1,48,913.00 | 1,50,018.00 | -0.88% |
| Silver | 2,46,429.00 | 2,46,429.00 | 2,37,500.00 | 2,37,500.00 | -3.57% |
| Crude Oil | 9,685.00 | 10,244.00 | 9,516.00 | 10,050.00 | +3.98% |
| Natural Gas | 267.00 | 272.40 | 267.00 | 268.20 | +1.40% |
| Gold Mini | 1,48,973.00 | 1,49,259.00 | 1,46,804.00 | 1,47,773.00 | -0.79% |
| Aluminium | 368.65 | 370.80 | 368.20 | 370.30 | +0.38% |
| Copper | 1,282.95 | 1,286.10 | 1,273.05 | 1,277.50 | -0.37% |
| Zinc | 343.05 | 343.95 | 341.40 | 342.25 | -0.33% |
Outlook
The commodities market continues to be influenced by global economic indicators and currency fluctuations, particularly the strength of the US dollar, which impacts precious metals like gold and silver. Investors will be closely monitoring these factors in the coming sessions to gauge potential movements in commodity prices.
Data as on May 4, 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.