In the late session of the commodities market on 4th May 2026, gold prices fell to ₹148,903.00, marking a 1.62% decline from its opening level of ₹151,150.00. Silver also experienced a downturn, closing at ₹242,500.00, down 1.54% from its opening price of ₹246,429.00. Meanwhile, crude oil stood out with a significant rise, climbing 4.53% to ₹10,103.00 from its opening level of ₹9,685.00, driven by market dynamics.
Precious metals
Gold experienced a volatile session, reaching a high of ₹151,347.00 and a low of ₹148,760.00. The precious metal’s decline is attributed to market fluctuations, with the current price settling at ₹148,903.00. Silver mirrored this trend, with its trajectory showing a low of ₹237,500.00 before recovering slightly to close at ₹242,500.00. The Gold Mini contract also saw a decline, closing at ₹146,717.00, down 1.50% from its opening of ₹148,973.00.
Energy commodities
Crude oil prices surged, closing at ₹10,103.00, a 4.53% increase from its opening level. The commodity hit a high of ₹10,244.00 during the session. Natural gas also saw positive movement, ending the day at ₹274.10, up 3.63% from its opening price of ₹267.00, with a session high of ₹275.30.
Base metals
In the base metals segment, copper prices fell slightly to ₹1,274.00, a 0.64% decrease from its opening of ₹1,282.95. Aluminium, however, edged up by 0.39% to ₹370.35, while zinc saw a minor decline, closing at ₹342.10, down 0.38% from its opening level.
| Commodity | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Gold | 151,150.00 | 151,347.00 | 148,760.00 | 148,903.00 | -1.62% |
| Silver | 246,429.00 | 246,429.00 | 237,500.00 | 242,500.00 | -1.54% |
| Crude Oil | 9,685.00 | 10,244.00 | 9,516.00 | 10,103.00 | +4.53% |
| Natural Gas | 267.00 | 275.30 | 264.50 | 274.10 | +3.63% |
| Gold Mini | 148,973.00 | 149,259.00 | 146,717.00 | 146,717.00 | -1.50% |
| Copper | 1,282.95 | 1,286.10 | 1,273.05 | 1,274.00 | -0.64% |
| Aluminium | 368.65 | 371.25 | 368.20 | 370.35 | +0.39% |
| Zinc | 343.05 | 343.95 | 341.40 | 342.10 | -0.38% |
Outlook
As the commodities market continues to respond to various economic indicators, investors are closely monitoring the movements in energy prices, particularly crude oil, which has shown significant volatility. The strength of the US dollar remains a key factor influencing the prices of precious metals like gold and silver. Market participants will be watching upcoming economic data releases for further cues.
Data as on May 4, 2026, 10:00 PM IST.
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