Commodity markets traded broadly higher on May 12, 2026, with silver leading the pack among metals and crude oil extending its recent recovery. Here is a snapshot of MCX commodity prices as of May 12.
Metals
Silver was the top gainer among commodities on the day, rising 1.23% or ₹3,436 to ₹2,81,747. Gold gained 0.30% or ₹462 to trade at ₹1,54,125. Copper edged up 0.45% or ₹6.15 to ₹1,375.20. Zinc rose 0.32% or ₹1.15 to ₹357. Aluminium added a marginal 0.05% or ₹0.20 to ₹375.95.
Energy
Crude oil rose 0.91% or ₹85 to ₹9,461, continuing to reflect elevated global prices amid the ongoing Middle East conflict and disruptions around the Strait of Hormuz. Natural gas gained 0.83% or ₹2.30 to ₹279.90.
Market context
The broad-based gains across commodities on May 12 reflect continued global risk sentiment around energy supply disruptions, with crude oil remaining a dominant driver of commodity market direction. Silver’s outperformance relative to gold on the day is consistent with its tendency to amplify gold’s directional move during periods of safe-haven demand combined with industrial buying interest. Copper’s modest gain aligns with ongoing infrastructure and energy transition demand signals globally.
Gold’s domestic price of ₹1,54,125 on MCX continues to reflect near-record levels, maintaining pressure on India’s import bill and keeping PM Modi’s recent appeal to avoid gold purchases for weddings firmly in market context.
Disclaimer: Commodity prices are indicative MCX rates as of May 12, 2026, and are subject to change. This article is for informational purposes only and does not constitute investment advice.