Commodity markets kicked off Friday’s session on a broadly positive note, though gold and a handful of agricultural contracts bucked the trend at the open on 22 May 2026.
Gold slipped $13.40, or 0.29%, to trade at $4,529.10 per troy ounce at the open. Translated to domestic terms, MCX gold opened at approximately ₹1,20,850 per 10 grammes, based on a USD/INR rate of around 83. Despite the marginal pullback, the metal remained at elevated levels in absolute terms.
Silver moved in the opposite direction, edging up $0.09, or 0.11%, to $76.82 per troy ounce. On MCX, silver was indicated at roughly ₹2,04,900 per kilogramme at the open, continuing to hold firm ground.
The energy complex provided the clearest upward momentum at the open. Brent crude climbed $1.46, or 1.42%, to $104.04 per barrel, while WTI crude oil added $0.79, or 0.82%, to reach $97.14 per barrel. The two benchmarks moved in tandem, with Brent extending its premium over WTI to approximately $6.90 at the time of opening.
Natural gas softened slightly, shedding $0.02, or 0.57%, to $3.14 per MMBtu, offering the only weakness within the energy segment at the open.
Copper was among the stronger performers, gaining $0.08, or 1.30%, to trade at $6.38 per pound. The industrial metal’s rise aligned with the broadly constructive tone across base commodities at the opening bell.
Agricultural commodities were on the back foot at the open. Wheat fell 4.00 US cents, or 0.62%, to 643.50 US cents per bushel, while corn eased 1.25 US cents, or 0.27%, to 461.00 US cents per bushel. Both grains opened in negative territory, though the declines were modest in percentage terms.
Taken together, six of the eight commodities tracked in this report — crude oil, copper, and silver among them — posted gains or held steady at the open, while gold, wheat, corn, and natural gas opened lower. The broader opening leant positive, with energy and base metals setting the tone for Friday’s session on MCX and global markets.
Market data sourced from Yahoo Finance. Prices reflect closing/last traded values as of Friday, 22 May 2026, 10:00 AM IST. Data may be delayed by approximately 5 minutes. This article is for informational purposes only.
