Commodity Market Prediction for Tomorrow 2 June 2026: MCX Gold, Silver, Crude, Copper and Base Metals

June 1, 2026
Posted by: Kunal Singla
Category: News

The commodity market prediction for tomorrow 2 June 2026 is mixed with precious metals bullish and energy/base metals cautious. MCX Gold advanced to Rs 1,60,400 per 10 grams on 1 June 2026 on US-Iran deal progress and dollar weakness. MCX Crude Oil declined to Rs 8,680 per barrel, down 17 per cent from the May high of Rs 10,400 as supply expectations increase. GIFT Nifty at +107.40 points provides positive equity backdrop for the commodity market prediction for tomorrow.

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Table of Contents

MCX Commodity Prices 1 June 2026

MCX Gold (June): Rs 1,60,400/10g | Support Rs 1,58,500 | Resistance Rs 1,62,000

MCX Silver (July): Rs 2,67,000/kg | Support Rs 2,64,000 | Resistance Rs 2,70,000

MCX Crude Oil (June): Rs 8,680/barrel | Support Rs 8,580 | Resistance Rs 8,760

MCX Copper (June): Rs 1,298/kg | Support Rs 1,290 | Resistance Rs 1,310

MCX Natural Gas (June): Rs 268/MMBtu | Support Rs 264 | Resistance Rs 276

MCX Zinc (June): Rs 286/kg | Support Rs 283 | Resistance Rs 293

Commodity Market Prediction for Tomorrow 2 June 2026

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the commodity market prediction for tomorrow shows a clear split: Gold and Silver are the bullish commodities driven by US-Iran deal progress reducing geopolitical premiums in crude while increasing dollar weakness and safe-haven appeal. MCX Gold’s move toward Rs 1,60,400 from Rs 1,57,616 over 72 hours reflects structural dollar weakness. The commodity market prediction for tomorrow for Gold is bullish with Rs 1,58,500 as support.

Kunal Singla, Associate Director at Univest, observes that the commodity market prediction for tomorrow for crude oil remains bearish at Rs 8,680, approaching the critical support at Rs 8,580. Natural Gas at Rs 268 per MMBtu faces US production headwinds at 109.4 bcfd. Copper at Rs 1,298 faces a monsoon-driven domestic demand headwind. The overall commodity market prediction for tomorrow is sectoral: precious metals up, energy down, base metals cautious.

Gold (BULLISH): Rs 1,60,400/10g. Support Rs 1,58,500, resistance Rs 1,62,000. US-Iran deal dollar weakness catalyst.
Silver (BULLISH): Rs 2,67,000/kg. Support Rs 2,64,000, resistance Rs 2,70,000. Gold-silver ratio declining = more upside.
Crude Oil (BEARISH): Rs 8,680/barrel. Support Rs 8,580, resistance Rs 8,760. 17% below May high on supply outlook.
Copper (CAUTIOUS): Rs 1,298/kg. Support Rs 1,290, resistance Rs 1,310. Monsoon + China demand uncertainty.
Natural Gas (BEARISH): Rs 268/MMBtu. Support Rs 264, resistance Rs 276. US 109.4 bcfd production headwind.
Zinc (CAUTIOUS): Rs 286/kg. Support Rs 283, resistance Rs 293. Galvanizing demand uncertainty.

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Conclusion

Commodity market prediction for tomorrow 2 June 2026: Gold and Silver bullish (US-Iran catalyst). Crude bearish at Rs 8,680. Base metals cautious. Natural Gas bearish. GIFT Nifty +107.40 pts reduces equity risk-off but commodity market prediction for tomorrow remains sector-specific. All levels 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. SEBI Reg: INH000012449.

Frequently Asked Questions

What is the commodity market prediction for tomorrow 2 June 2026?

Ans. Mixed. Gold bullish (Rs 1,60,400, support Rs 1,58,500). Silver bullish (Rs 2,67,000). Crude bearish (Rs 8,680). Copper cautious (Rs 1,298). Natural Gas bearish (Rs 268). Zinc cautious (Rs 286).

What is the MCX Gold prediction for tomorrow 2 June 2026?

Ans. Bullish. Gold at Rs 1,60,400/10g on US-Iran deal dollar weakness. Support Rs 1,58,500, resistance Rs 1,62,000.

What is the MCX Crude Oil prediction for tomorrow 2 June 2026?

Ans. Bearish. Crude at Rs 8,680/barrel, down 17% from May high. US-Iran supply expectations keep pressure on. Support Rs 8,580, resistance Rs 8,760.

What is the MCX Copper prediction for tomorrow 2 June 2026?

Ans. Cautious. Copper at Rs 1,298/kg facing China demand and India monsoon headwinds. Support Rs 1,290, resistance Rs 1,310.

What is the MCX Silver prediction for tomorrow 2 June 2026?

Ans. Bullish. Silver at Rs 2,67,000/kg tracking gold higher on dollar weakness. Solar demand structural support. Support Rs 2,64,000, resistance Rs 2,70,000.

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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.