On May 20, 2026, the Multi Commodity Exchange (MCX) saw mixed movements in the commodities market. Gold prices climbed to ₹159,950.00, marking a 0.55% increase from the opening level of ₹158,974.00. Silver also experienced a significant rise, reaching ₹274,175.00, up 1.50% from its open. The market’s behaviour reflects ongoing reassessments of geopolitical tensions, particularly in West Asia, following recent developments.
Precious metals
Gold’s trajectory throughout the session showed fluctuations, with the price peaking at ₹160,378.00 and dipping to a low of ₹157,959.00. The gold mini contract also mirrored this upward trend, closing at ₹159,234.00, a 0.51% increase from its opening price of ₹157,362.00. Silver’s performance was robust, with a high of ₹276,297.00 and a low of ₹266,850.00, reflecting strong investor interest.
Energy commodities
In the energy sector, crude oil prices fell sharply to ₹9,541.00, a 4.85% decline from the opening price of ₹10,083.00. This drop is notable amid the geopolitical backdrop. Natural gas also saw a decrease, closing at ₹292.80, down 2.20% from its opening level of ₹300.00.
Base metals
Base metals exhibited positive momentum. Copper prices rose to ₹1,353.00, a 1.16% increase from the open. Aluminium and zinc also posted gains, with aluminium closing at ₹386.40, up 0.52%, and zinc at ₹369.90, up 0.98% from their respective opening prices.
| Commodity | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Gold | 158,974.00 | 160,378.00 | 157,959.00 | 159,950.00 | 0.55% |
| Silver | 267,230.00 | 276,297.00 | 266,850.00 | 274,175.00 | 1.50% |
| Crude Oil | 10,083.00 | 10,104.00 | 9,426.00 | 9,541.00 | -4.85% |
| Natural Gas | 300.00 | 303.40 | 290.00 | 292.80 | -2.20% |
| Copper | 1,332.05 | 1,355.50 | 1,332.00 | 1,353.00 | 1.16% |
| Zinc | 366.95 | 370.75 | 365.55 | 369.90 | 0.98% |
| Aluminium | 381.00 | 386.85 | 379.00 | 386.40 | 0.52% |
| Gold Mini | 157,362.00 | 159,499.00 | 157,152.00 | 159,234.00 | 0.51% |
Outlook
The commodities market continues to be influenced by geopolitical developments, particularly in West Asia. Investors are closely monitoring the situation for further cues. The strength of the US dollar also remains a critical factor impacting precious metals, with potential implications for future price movements.
Data as on May 20, 2026, 10:00 PM IST.
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