In early trading on the Multi Commodity Exchange (MCX) today, gold prices recorded a decline, weakening by 0.21% from the opening level to reach ₹1,51,040.00. Silver also experienced a mild slip, down 0.11% to ₹2,46,043.00. Meanwhile, natural gas prices surged significantly, gaining 2.16% to settle at ₹270.20, marking the most notable movement among the tracked commodities.
Precious metals
Gold started the session at ₹1,51,150.00 and fluctuated within a range of ₹1,51,347.00 for its high and ₹1,50,860.00 for its low, eventually resting at ₹1,51,040.00, influenced by prevailing USD strength. Silver opened at ₹2,46,429.00, hit the same as its high, yet dropped to a low of ₹2,46,021.00 before stabilising at ₹2,46,043.00. The gold mini contract mirrored the broader trend in its class, inching down 0.07% from its opening of ₹1,48,973.00 to ₹1,48,850.00, marking a high of ₹1,49,259.00 and a low of ₹1,48,670.00.
Energy commodities
Crude oil prices opened at ₹9,685.00 and saw a modest decrease, settling at ₹9,663.00, a 0.02% drop from the start. The trading session saw crude ranging between a high of ₹9,736.00 and a low of ₹9,621.00. Conversely, natural gas emerged as the standout in the energy sector, climbing from an open of ₹267.00 to a current level of ₹270.20, after hitting a high of ₹270.90 while maintaining the opening level as its low.
Base metals
In the base metals segment, copper showed a slight positive movement, rising 0.18% to ₹1,284.45 from an opening of ₹1,282.95, and peaking at ₹1,286.10. Aluminium moved marginally higher by 0.04%, with its current price at ₹368.75 coming off an opening of ₹368.65, reaching a high of ₹368.90 and a low of ₹368.20. Zinc prices saw a small uptick of 0.10%, from an opening price of ₹343.05 to a current standing at ₹343.75, trading between a high of ₹343.75 and a low of ₹342.50.
| Commodity | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Gold | 1,51,150.00 | 1,51,347.00 | 1,50,860.00 | 1,51,040.00 | -0.21% |
| Silver | 2,46,429.00 | 2,46,429.00 | 2,46,021.00 | 2,46,043.00 | -0.11% |
| Natural Gas | 267.00 | 270.90 | 267.00 | 270.20 | +2.16% |
| Copper | 1,282.95 | 1,286.10 | 1,282.95 | 1,284.45 | +0.18% |
| Zinc | 343.05 | 343.75 | 342.50 | 343.75 | +0.10% |
| Gold Mini | 1,48,973.00 | 1,49,259.00 | 1,48,670.00 | 1,48,850.00 | -0.07% |
| Aluminium | 368.65 | 368.90 | 368.20 | 368.75 | +0.04% |
| Crude Oil | 9,685.00 | 9,736.00 | 9,621.00 | 9,663.00 | -0.02% |
Outlook
As trading progresses, market participants will be closely observing changes in the USD strength, which continues to exert significant influence on the precious metals market. Energy commodities, especially natural gas, remain a key focus due to their notable volatility and surging trends. In base metals, copper and zinc’s movements will be closely watched, particularly with any potential shifts in industrial demand affecting prices.