The commodities market opened with significant movements in precious metals, as gold prices climbed to ₹151,111.00, marking a 1.38% increase from its opening level. Silver also saw a notable rise, reaching ₹238,617.00, up 2.32% from its open. The upward trajectory in these metals is partly attributed to cues from a weaker US dollar, which often boosts demand for dollar-denominated commodities.
Precious metals
Gold opened at ₹149,499.00 and reached a high of ₹151,890.00, with its lowest point at ₹149,069.00 during the session. Silver, similarly, experienced a robust session, opening at ₹235,102.00 and hitting a high of ₹240,876.00. The Gold Mini contract also showed positive movement, currently priced at ₹148,682.00, up 0.83% from its opening of ₹147,850.00.
Energy commodities
In the energy sector, crude oil opened at ₹10,300.00 but has seen a decline, currently trading at ₹9,867.00. The session’s high was ₹10,571.00, with a low of ₹9,820.00. Natural gas, on the other hand, has remained stable, opening at ₹252.80 and currently priced at ₹263.10, with its high at ₹266.40 and low at ₹248.20.
Base metals
Among base metals, zinc has shown the most movement, currently at ₹343.45, which is a 1.21% increase from its opening of ₹341.25. Copper is trading at ₹1,280.55, a slight increase of 0.41% from its open of ₹1,279.50. Aluminium has seen a modest rise, currently at ₹365.95, up 0.36% from its opening level of ₹365.45.
| Commodity | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Gold | 149,499.00 | 151,890.00 | 149,069.00 | 151,111.00 | 1.38% |
| Silver | 235,102.00 | 240,876.00 | 234,228.00 | 238,617.00 | 2.32% |
| Zinc | 341.25 | 344.00 | 338.60 | 343.45 | 1.21% |
| Gold Mini | 147,850.00 | 149,989.00 | 147,461.00 | 148,682.00 | 0.83% |
| Copper | 1,279.50 | 1,287.50 | 1,273.00 | 1,280.55 | 0.41% |
| Aluminium | 365.45 | 367.10 | 363.50 | 365.95 | 0.36% |
| Crude Oil | 10,300.00 | 10,571.00 | 9,820.00 | 9,867.00 | 0.00% |
| Natural Gas | 252.80 | 266.40 | 248.20 | 263.10 | 0.00% |
Outlook
The commodities market is currently being influenced by the strength of the US dollar, which has a direct impact on the pricing of precious metals like gold and silver. Investors will be closely watching any further movements in the dollar index, as well as geopolitical developments, which could affect demand and pricing in the coming sessions.
Data as on May 1, 2026, 09:30 AM 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.