Commodity Prices

Despite a recent decline caused by a stronger dollar, gold remains resilient, showing a potential monthly gain of 1.1%. Analysts anticipate that geopolitical tensions and economic uncertainty will support gold prices in the near term.

The Indian stock market is set to open cautiously due to geopolitical tensions and weak global cues. The BSE Sensex closed slightly up, while the Nifty 50 saw a minor decline. Elevated crude prices and FPI selling reflect uncertainty among investors amid ongoing conflicts in the Middle East.

Gold has fallen below the critical $4,000 level, sliding to around $3,960. Analysts predict potential rebounds due to oversold conditions, while long-term fundamentals remain supportive despite ongoing volatility tied to US interest rates and geopolitical factors.

Metals and mining sector showed resilience in Q4 FY26, supported by high commodity prices and strong demand. Most companies met or surpassed expectations, with APL Apollo Tubes and Hindalco receiving 'Buy' ratings from Axis Direct, highlighting their robust performance and strategic growth plans.

Silver 100 contracts will be compulsorily settled through physical delivery, with Ahmedabad designated as the delivery centre through MCX Clearing Corporation-accredited facilities. The delivery unit has been fixed at 100 grams.

The current coverage ratio — physical silver versus paper contracts — has tightened to 15.4%. In trading parlance, any level below 15% is considered a “stress zone”.

Gold is likely to outperform silver in the near term as weakening global economic conditions and geopolitical uncertainties continue to drive investors toward safe-haven assets, analysts said.

Vedanta's FY26 revenue jumps 15.83% to ₹1,74,075 crore, surpassing Bloomberg's estimate of ₹1,70,000 crore.