Commodity markets closed on a broadly mixed note on Saturday, May 23, 2026, with precious metals and natural gas retreating while crude oil and copper advanced.
Gold settled at $4,523.20 per troy ounce, shedding $19.30 or 0.42% on the day. On the domestic exchange, gold’s approximate MCX price works out to roughly ₹12,076 per 10 grammes, calculated using a USD/INR rate of 83. Silver declined alongside gold, closing at $76.20 per troy ounce — a loss of $0.53 or 0.69% — making it the softer performer among the two precious metals on a percentage basis.
In energy markets, the two crude oil benchmarks moved in opposite directions relative to gold and gas. WTI crude oil edged up $0.25 or 0.26% to close at $96.60 per barrel, while Brent crude outpaced its American counterpart with a gain of $0.71 or 0.71%, settling at $100.21 per barrel. Natural gas was the day’s standout decliner across the commodities complex, dropping $0.14 or 4.28% to close at $3.02 per million British thermal units — a notably sharper move than any other commodity tracked in the session.
Copper posted the strongest gain of the day, rising $0.09 or 1.35% to $6.38 per pound, bucking the softness seen in precious metals and making it the best-performing commodity in the group.
Agricultural commodities presented a split picture. Wheat slipped 1.25 USX or 0.19% to close at 646.25 USX per bushel, while corn managed a modest advance of 1.00 USX or 0.22% to 463.25 USX per bushel.
Taken together, the session reflected a divided commodity market: crude oil and copper closed in positive territory, whereas precious metals, natural gas, and wheat ended lower. Corn’s fractional gain left it on the positive side but offered little counterweight to the broader softness in the complex. Natural gas’s 4.28% decline stood as the defining move of the day, while gold and silver losses were comparatively contained at under 0.70% each.
Market data sourced from Yahoo Finance. Prices reflect closing/last traded values as of Saturday, 23 May 2026, 11:30 PM IST (MCX close). Data may be delayed by approximately 5 minutes. This article is for informational purposes only.
