Commodity markets traded mixed with a strong bearish bias in the latest session, as heavy selling was witnessed across energy and precious metals, while base metal zinc showed relative strength.
Commodity Market Snapshot (INR)
| Commodity | Price | Change | Change (%) |
|---|---|---|---|
| Crude Oil | ₹5,716 | ▼ 264 | ▼ 4.41% |
| Gold | ₹1,41,000 | ▼ 1,217 | ▼ 0.86% |
| Natural Gas | ₹331.3 | ▼ 73.5 | ▼ 18.16% |
| Silver | ₹2,36,900 | ▼ 28,752 | ▼ 10.82% |
| Zinc | ₹325.65 | ▲ 6.1 | ▲ 1.91% |
Key Highlights
Natural Gas plunged over 18%, marking the steepest decline among commodities, likely driven by oversupply concerns and weaker demand outlook.
Silver tumbled nearly 11%, reflecting sharp profit booking after recent volatility in global metals.
Crude oil slipped more than 4%, staying under pressure amid concerns over global growth and demand moderation.
Gold remained relatively resilient, declining less than 1%, indicating continued safe-haven interest despite broader risk-on sentiment.
Zinc stood out as the sole gainer, rising nearly 2%, suggesting selective buying interest in base metals.
Market View
The sharp correction across energy and precious metals signals risk recalibration by traders, with commodities reacting to macro uncertainty and demand-side concerns. The outperformance of zinc highlights divergent trends within the metals space, as industrial metals see selective accumulation.
Traders are expected to remain cautious in the near term, tracking global cues, inventory data, and currency movements for further direction.
