Commodity Market Prediction for Tomorrow 1 June 2026: MCX Gold, Silver, Crude Oil, Copper and Base Metals

Q: What is the commodity market prediction for tomorrow 1 June 2026?

Mixed. Gold/Silver bullish (US-Iran). Crude bearish. Base metals cautious. Natural Gas bearish.

Q: What is the MCX Gold prediction for tomorrow 1 June 2026?

Bullish. Rs 1,59,216/10g. Support Rs 1,57,000, resistance Rs 1,61,000.

Q: What is the MCX Crude Oil prediction for tomorrow 1 June 2026?

Bearish. Rs 8,850/barrel. Support Rs 8,750, resistance Rs 9,000.

Q: What is the MCX Copper prediction for tomorrow 1 June 2026?

Cautious. Rs 1,310/kg. Support Rs 1,295, resistance Rs 1,325.

Q: What is the MCX Silver prediction for tomorrow 1 June 2026?

Bullish. Rs 2,65,000/kg. Support Rs 2,60,000, resistance Rs 2,70,000.

May 31, 2026
Posted by: Kunal Singla
Category: News

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The commodity market prediction for tomorrow 1 June 2026 is mixed, with precious metals bullish on US-Iran deal hopes and base metals/crude bearish on monsoon concerns. MCX Gold rebounded approximately Rs 1,600 on 29 May 2026 to Rs 1,59,216 per 10 grams, and Silver rallied approximately Rs 5,000 to Rs 2,65,000 per kg on the same catalyst. MCX Crude Oil fell toward Rs 8,850 per barrel on supply outlook improvements. GIFT Nifty at +201.5 points reduces equity risk-off pressure on commodities for 1 June 2026.

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Table of Contents

MCX Commodity Prices on 29 May 2026

MCX Gold (June): Rs 1,59,216 per 10 grams | Support: Rs 1,57,000 | Resistance: Rs 1,61,000

MCX Silver (July): Rs 2,65,000 per kg | Support: Rs 2,60,000 | Resistance: Rs 2,70,000

MCX Crude Oil (June): Rs 8,850 per barrel | Support: Rs 8,750 | Resistance: Rs 9,000

MCX Copper (June): Rs 1,310 per kg | Support: Rs 1,295 | Resistance: Rs 1,325

MCX Natural Gas (June): Rs 272 per MMBtu | Support: Rs 268 | Resistance: Rs 282

MCX Zinc (June): Rs 290 per kg | Support: Rs 286 | Resistance: Rs 298

Commodity Market Prediction for Tomorrow 1 June 2026

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the commodity market prediction for tomorrow is sector-specific. Gold and Silver are the clear outperformers in the commodity space as US-Iran deal progress reduces geopolitical risk premium in crude but increases precious metals appeal as a store of value. The gold-silver ratio suggests silver has more catch-up potential. GIFT Nifty at +201.5 points reduces the risk-off pressure on base metals, providing potential for a partial recovery in copper and zinc on 1 June.

Kunal Singla, Associate Director at Univest, observes that the commodity market prediction for tomorrow for crude oil is bearish. MCX Crude at Rs 8,850, down sharply from the May high of Rs 10,400, faces continued pressure as US-Iran deal supply expectations keep a lid on prices. Natural Gas at Rs 272 faces near-term bearish pressure from US record production of 109.4 bcfd. Singla flags Rs 8,750 as the critical support in the crude commodity market prediction for tomorrow.

Gold (BULLISH): Support Rs 1,57,000, resistance Rs 1,61,000. US-Iran deal progress and safe-haven demand support.
Silver (BULLISH): Support Rs 2,60,000, resistance Rs 2,70,000. Solar and EV demand tailwinds.
Crude Oil (BEARISH): Support Rs 8,750, resistance Rs 9,000. US-Iran supply expectations cap upside.
Copper (CAUTIOUS): Support Rs 1,295, resistance Rs 1,325. GIFT Nifty positive reduces risk-off, partial recovery possible.
Natural Gas (BEARISH): Support Rs 268, resistance Rs 282. US 109.4 bcfd production headwind.
Zinc (CAUTIOUS): Support Rs 286, resistance Rs 298. Galvanizing demand recovery possible with equity recovery.

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Conclusion

Commodity market prediction for tomorrow 1 June 2026: Gold and Silver bullish (US-Iran catalyst). Crude bearish. Base metals cautiously recovering on GIFT Nifty +201.5 pts. Natural Gas bearish on US production. This commodity market prediction for tomorrow is for educational purposes only.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Frequently Asked Questions

What is the commodity market prediction for tomorrow 1 June 2026?

Ans. Commodity market prediction for tomorrow is mixed. Gold and Silver are bullish on US-Iran deal hopes. Crude Oil is bearish on supply outlook. Copper and Zinc face cautious recovery as GIFT Nifty +201.5 pts reduces equity risk-off. Natural Gas is bearish.

What is the MCX Gold prediction for tomorrow 1 June 2026?

Ans. MCX Gold prediction for tomorrow is bullish. Gold rebounded Rs 1,600 to Rs 1,59,216 per 10 grams on 29 May on US-Iran deal catalyst. Support Rs 1,57,000, resistance Rs 1,61,000.

What is the MCX Crude Oil prediction for tomorrow 1 June 2026?

Ans. MCX Crude Oil prediction for tomorrow is bearish at Rs 8,850/barrel. US-Iran deal progress and India Oil Ministry’s adequate stock confirmation weigh on prices. Support Rs 8,750, resistance Rs 9,000.

What is the MCX Copper prediction for tomorrow 1 June 2026?

Ans. MCX Copper is cautiously positioned at Rs 1,310/kg. Support Rs 1,295, resistance Rs 1,325. GIFT Nifty +201.5 pts reduces risk-off pressure and allows partial copper recovery on 1 June.

What is the MCX Silver prediction for tomorrow 1 June 2026?

Ans. MCX Silver is bullish at Rs 2,65,000/kg after a Rs 5,000 rally on 29 May on US-Iran deal catalyst. Support Rs 2,60,000, resistance Rs 2,70,000. Solar and EV demand provide structural support.

Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.