Commodity Market Prediction for Tomorrow | MCX Outlook 24 June 2026
- June 23, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Gold 146,600/10g, Silver 227,940/kg, Crude 6,994/bbl, Copper 1,314/kg, NatGas 309.1/MMBtu, Zinc 361/kg on 23 June 2026. Nifty 23,824.10. VIX 14.23.
The commodity market prediction for tomorrow, 24 June 2026, shows MCX commodities broadly weaker on 23 June 2026 as Nifty 50 expiry-day selling and Iran-US deal optimism created a risk-off environment. The Nifty 50 fell -1.16% to 23,824.10. MCX Nifty Commodities index also declined. Gold fell to Rs 1,46,600 per 10g while crude slipped to Rs 6,994 per barrel as Iran-US deal progress reduced safe-haven and supply-concern premium.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla have reviewed today’s MCX price action and global cues to present the commodity market prediction for tomorrow. Wednesday’s Bank Nifty expiry (24 June) adds equity market volatility that will spill into MCX sentiment.
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Commodity Market Prediction for Tomorrow: MCX Recap 23 June 2026
| Commodity | MCX Close (23 Jun) | Change | S1 (24 Jun) | R1 (24 Jun) |
|---|---|---|---|---|
| Gold (Aug Fut) | Rs 1,46,600/10g | Bearish | Rs 1,45,800 | Rs 1,48,000 |
| Silver (Jul Fut) | Rs 2,27,940/kg | Bearish | Rs 2,26,000 | Rs 2,31,000 |
| Crude Oil (Jul Fut) | Rs 6,994/bbl | Bearish | Rs 6,900 | Rs 7,150 |
| Copper (Jul Fut) | Rs 1,314/kg | Bearish | Rs 1,305 | Rs 1,335 |
| Natural Gas (Jul Fut) | Rs 309.1/MMBtu | Bearish | Rs 305 | Rs 316 |
| Zinc (Jul Fut) | Rs 361/kg | Bearish | Rs 357 | Rs 368 |
Commodity Market Prediction for Tomorrow: Key Themes
- Gold and Silver Bearish on Iran Deal: The commodity market prediction for tomorrow for gold (Rs 1,46,600) and silver (Rs 2,27,940) is cautiously bearish if Iran-US talks progress further overnight, reducing safe-haven demand. A deal breakdown would sharply reverse this and push gold above Rs 1,48,000 in the commodity market prediction for tomorrow.
- Crude Oil Bearish on Supply Ease: MCX crude at Rs 6,994 reflects Iran deal expectations of additional supply. The commodity market prediction for tomorrow for crude is bearish below Rs 7,050; a deal confirmation would push it toward Rs 6,750 support in the commodity market prediction for tomorrow.
- Base Metals (Copper, Zinc) Weak: The commodity market prediction for tomorrow for copper (Rs 1,314) and zinc (Rs 361) is cautiously weak given global risk-off. Recovery above Rs 1,335 for copper and Rs 368 for zinc would improve the commodity market prediction for tomorrow for base metals.
- Natural Gas Downside: MCX natural gas at Rs 309.1 is lower after the recent surge. The commodity market prediction for tomorrow for natural gas is ranged between Rs 305 support and Rs 316 resistance pending US weather data updates.
Global Cues for Commodity Market Prediction for Tomorrow
- Iran-US Talks Day 3: The commodity market prediction for tomorrow is most sensitive to Switzerland talk outcomes. A deal would extend crude and gold/silver weakness; a breakdown would sharply reverse the commodity market prediction for tomorrow for all these commodities.
- Dollar Index (DXY): DXY direction overnight directly drives the commodity market prediction for tomorrow for all rupee-denominated MCX prices. A weaker dollar supports the commodity market prediction for tomorrow bounce scenario for gold, silver, and copper.
- COMEX and NYMEX: Overnight COMEX gold, COMEX silver, and NYMEX crude movement will set the MCX opening gaps for the commodity market prediction for tomorrow.
Track Live MCX Commodity Prices on Univest
Strategy for Commodity Market Prediction for Tomorrow
- Gold and Silver: The commodity market prediction for tomorrow favours selling gold rallies toward Rs 1,48,000 and silver toward Rs 2,31,000 with tight stops if Iran deal is confirmed. If deal collapses, buy gold near Rs 1,45,800 targeting Rs 1,48,000.
- Crude Oil: The commodity market prediction for tomorrow for crude is bearish below Rs 7,000. Short near Rs 7,050 targeting Rs 6,900 if Iran deal progresses. Stop at Rs 7,200.
- Base Metals: The commodity market prediction for tomorrow for copper and zinc is range-bound. Buy copper near Rs 1,305 with stop at Rs 1,290 and target Rs 1,335. Zinc: buy near Rs 357 with stop Rs 352 and target Rs 368.
- Natural Gas: The commodity market prediction for tomorrow for natural gas is range-bound at Rs 305 to Rs 316. Await US weather data before taking directional positions in the commodity market prediction for tomorrow for natural gas.
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Risks to Commodity Market Prediction for Tomorrow
- Iran Deal Reversal: Any overnight reversal in Switzerland talks would spike crude and gold, creating sharp moves against the current commodity market prediction for tomorrow’s bearish bias for these assets.
- Dollar Spike: A sharp DXY surge overnight would pressure all MCX commodity prices and worsen the commodity market prediction for tomorrow across gold, silver, copper, and zinc.
- Bank Nifty Expiry: Broad market Bank Nifty expiry volatility on Wednesday can widen MCX spreads and create slippage in the commodity market prediction for tomorrow during the afternoon session.
Stocks to Watch Tomorrow, 24 June 2026
Ankit Jaiswal and Kunal Singla of Univest flag three equity stocks for Wednesday’s session. Tomorrow is Bank Nifty weekly expiry (24 June), adding volatility to banking names. These picks are based on today’s post-expiry oversold setup.
| Stock | CMP (23 June 2026) | Entry Zone | Target | Stop Loss |
|---|---|---|---|---|
| Sun Pharma | Rs 1,868.00 | Rs 1,862 to Rs 1,872 | Rs 1,900 to Rs 1,910 | Rs 1,845 |
| HDFC Bank | Rs 774.65 | Rs 772 to Rs 778 | Rs 790 to Rs 795 | Rs 763 |
| Reliance Industries | Rs 1,309.50 | Rs 1,305 to Rs 1,312 | Rs 1,330 to Rs 1,338 | Rs 1,292 |
Sun Pharma closed at Rs 1,868.00 today, the outperformer in a weak market, as Nifty Pharma (+0.92%) was among the very few positive sectors on 23 June 2026. Jaiswal flags entry at Rs 1,862 to Rs 1,872 targeting Rs 1,900. HDFC Bank at Rs 774.65 is oversold ahead of Bank Nifty expiry on Wednesday; Singla sees a pre-expiry short-covering bounce targeting Rs 790 to Rs 795 with stop at Rs 763. Reliance Industries closed at Rs 1,309.50, testing its low of Rs 1,304 today; Jaiswal sees Rs 1,305 to Rs 1,312 as a bounce entry targeting Rs 1,330 with stop at Rs 1,292.
Conclusion
The commodity market prediction for tomorrow on 24 June 2026 is broadly cautious across MCX commodities after today’s expiry-day risk-off and Iran deal optimism. Gold at Rs 1,46,600 and silver at Rs 2,27,940 face downside risk if Iran-US talks continue to progress; crude at Rs 6,994 may test Rs 6,900 on a confirmed deal. The commodity market prediction for tomorrow for base metals is range-bound with GIFT Nifty and Bank Nifty expiry as the key equity-side influences on MCX sentiment.
This commodity market prediction for tomorrow is based on MCX data as of close of trade on 23 June 2026. Monitor COMEX, NYMEX, and Iran-US news overnight for the latest inputs for the commodity market prediction for tomorrow on Wednesday.
Disclaimer: Data and figures are sourced from publicly available information. Please verify all data with NSE (nseindia.com), BSE (bseindia.com), and MCX (mcxindia.com) before investing. Investments are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the commodity market prediction for tomorrow, 24 June 2026?
Ans. The commodity tomorrow Wednesday outlook is cautiously bearish across MCX after today’s expiry-day risk-off. Gold Rs 1,46,600, Silver Rs 2,27,940, Crude Rs 6,994, Copper Rs 1,314, Nat Gas Rs 309.1, Zinc Rs 361. Iran-US talk outcome is the primary overnight driver for all commodity market predictions for tomorrow.
What is the MCX gold prediction for tomorrow?
Ans. The commodity tomorrow Wednesday outlook for gold is cautiously bearish at Rs 1,46,600 after Iran deal optimism reduced safe-haven demand. Support Rs 1,45,800, resistance Rs 1,48,000. A deal breakdown would sharply reverse this and push the commodity tomorrow Wednesday outlook for gold above Rs 1,48,000.
What is the MCX crude oil prediction for tomorrow?
Ans. The commodity tomorrow Wednesday outlook for crude is bearish at Rs 6,994 as Iran deal expectations signal supply ease. Support Rs 6,900, resistance Rs 7,150. A confirmed deal would push crude toward Rs 6,750 in the commodity tomorrow Wednesday outlook.
How do Iran-US talks affect commodity tomorrow Wednesday outlook?
Ans. Iran-US negotiations in Switzerland are the most important binary event for the commodity tomorrow Wednesday outlook. A deal would extend crude and gold/silver weakness; a breakdown would spike crude and gold, creating sharp reversals against the current commodity tomorrow Wednesday outlook bearish positioning.
What equity stocks should traders watch alongside commodity tomorrow Wednesday outlook?
Ans. Alongside the commodity tomorrow Wednesday outlook, equity picks for Wednesday include Sun Pharma (defensive, entry Rs 1,862 to Rs 1,872, target Rs 1,900), HDFC Bank (Bank Nifty expiry play, entry Rs 772 to Rs 778, target Rs 790), and Reliance Industries (oversold bounce, entry Rs 1,305 to Rs 1,312, target Rs 1,330).
