Commodity Market Prediction for Tomorrow 1 June 2026: MCX Gold, Silver, Crude Oil, Copper and Base Metals
- May 31, 2026
- Posted by: Kunal Singla
- Category: News
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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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.
