Commodity Market Prediction for Tomorrow, Thursday 9 July 2026: Base Metals Firm While Gold, Silver and Crude Ease
- July 8, 2026
- Posted by: Kunal Singla
- Category: News
Commodity market prediction for tomorrow, Thursday 9 July 2026: mixed. Zinc +0.72%, copper flat. Gold Rs 1,46,588 (-0.54%). Silver -0.41%. Crude Rs 6,527 (-0.62%). Natural gas -0.61%.
The commodity market prediction for tomorrow, Thursday 9 July 2026, is mixed with a sector wise split. Today, MCX energy contracts stayed firm while base metals and bullion eased. Crude oil rose 0.47 percent, copper held near Rs 1,284 per kg, gold slipped 0.54 percent to Rs 1,46,588 per 10 grams and crude oil fell 0.62 percent to Rs 6,527 per barrel, setting up a segment by segment commodity market prediction for tomorrow.
Kunal Singla, Associate Director at Univest, and Ankit Jaiswal, Senior Research Analyst at Univest, have shared their commodity market prediction for tomorrow for Thursday 9 July 2026 using today’s closing data and global cues.
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Today’s Session Recap Behind the Commodity Market Prediction for Tomorrow
- MCX session: The commodity complex traded sharply mixed, with crude oil and natural gas surging on Strait of Hormuz tensions while gold, silver and copper fell on dollar strength. On the NSE, the Nifty Commodities index closed lower alongside the broader equity market selloff, reflecting today’s risk off mood across asset classes.
- In the broader market, the Nifty 50 closed at 23,882.05, down 2.12 percent, the Sensex fell 2.15 percent to 76,503.60, and the Bank Nifty dropped 2.51 percent to 56,742.60 as a spike in crude oil prices on Strait of Hormuz tensions and overnight weakness in US technology stocks triggered a broad based selloff. HDFC Bank fell 2.29 percent and ICICI Bank dropped 2.41 percent, while Reliance Industries declined 2.48 percent even as crude oil itself rallied sharply. India VIX surged 24.81 percent to 14.54, and FIIs bought Rs 1,355.33 crore in Friday’s cash session against DII selling of Rs 1,953.89 crore; more recent figures are awaited.
Key Levels in the Commodity Market Prediction for Tomorrow
Bias: Segment wise. Base metals: positive while zinc holds Rs 366 and copper holds Rs 1,281. Bullion: neutral to soft below gold Rs 1,47,500. Energy: soft below crude Rs 6,620.
For the commodity market prediction for tomorrow, traders should treat each segment on its own levels. Zinc stays constructive above Rs 366 with room towards Rs 373, copper needs a move past Rs 1,290 to trend, gold faces resistance at Rs 1,47,500 with support at Rs 1,46,300, silver holds a Rs 2,35,500 to Rs 2,38,000 band, crude oil remains capped below Rs 6,620 with support at Rs 6,494, and natural gas trades a wide Rs 301 to Rs 310 range.
Key Drivers Shaping the Commodity Market Prediction for Tomorrow
- Energy surges on geopolitical risk: Crude oil July futures rocketed 6.71 percent to Rs 7,155 per barrel and natural gas gained 2.05 percent to Rs 318.10 per mmBtu after the US revoked an Iranian oil sales waiver and reports of tanker attacks in the Strait of Hormuz.
- Precious metals fall despite equity crash: Gold August futures dropped 1.68 percent to Rs 1,42,943 per 10 grams and silver September futures tumbled 3.07 percent to Rs 2,23,771 per kg as dollar strength overwhelmed haven demand.
- Base metals comparatively steady: Copper eased 1.00 percent to Rs 1,263.30 per kg while zinc held nearly flat at Rs 368.60 per kg, showing more resilience than bullion.
MCX Commodity Data Snapshot
The table below captures today’s readings across the six most tracked MCX contracts that anchor the commodity market prediction for tomorrow:
| Contract | Today’s Level | Change | Day Range |
|---|---|---|---|
| MCX Zinc 31 Jul Fut | Rs 369.30 per kg | +0.72% | Rs 366.25 – 369.80 |
| MCX Copper 31 Jul Fut | Rs 1,284.15 per kg | -0.05% | Rs 1,281.25 – 1,289.95 |
| MCX Gold 5 Aug Fut | Rs 1,46,588 per 10g | -0.54% | Rs 1,46,316 – 1,47,509 |
| MCX Silver 4 Sep Fut | Rs 2,36,429 per kg | -0.41% | Rs 2,35,500 – 2,37,934 |
| MCX Crude Oil 20 Jul Fut | Rs 6,527 per barrel | -0.62% | Rs 6,494 – 6,622 |
| MCX Natural Gas 28 Jul Fut | Rs 308.50 per mmBtu | -0.61% | Rs 301.60 – 310.00 |
MCX contracts trade into the late evening session, so international cues after tonight’s US session can shift these levels before tomorrow’s day session begins.
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Trading Strategy for Tuesday
- Trade the split: Favour long setups in firm base metals and avoid fighting the soft trend in energy until crude reclaims Rs 6,620.
- Respect bullion supports: Gold near Rs 1,46,300 and silver near Rs 2,35,500 are the levels where dip buyers have appeared; a break below them opens deeper downside.
- Watch tonight’s US session: Wall Street’s next close resets dollar, yield and energy benchmarks; size positions smaller until those cues land, especially after today’s sharp moves.
- Use segment stop losses: Each commodity has its own invalidation level; avoid applying a single market wide view across unrelated contracts.
What Does Sentiment Indicate for the Commodity Market Prediction for Tomorrow?
Sentiment across the commodity market prediction for tomorrow is split by segment. Kunal Singla notes that base metal strength alongside a 0.98 percent gain in the Nifty Metal index on the NSE points to steady industrial demand expectations, while the softness in bullion reflects rotation into risk assets rather than distress selling.
Ankit Jaiswal observes that the energy complex is the weakest link, with OPEC plus supply expectations pressing Brent above 76 dollars, and that tonight’s dollar index direction will be the common factor across all dollar priced contracts in the commodity market prediction for tomorrow.
Risks to the Commodity Market Prediction for Tomorrow
- Further Hormuz escalation: Any additional disruption in the Strait of Hormuz could push crude oil and the wider energy complex even higher.
- OPEC plus headlines: Any change in supply signalling can swing crude sharply in either direction.
- China data flow: Weak Chinese demand indicators would pressure copper and zinc despite domestic strength.
- Event gaps: MCX evening session moves can gap the next day session open beyond stated levels.
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Conclusion: Commodity Market Prediction for Tomorrow
The commodity market prediction for tomorrow, Thursday 9 July 2026, from Univest analysts is segment wise: constructive on base metals, neutral to soft on bullion and cautious on energy. Zinc and copper hold firm supports, gold and silver need dip buyers to defend Rs 1,46,300 and Rs 2,35,500, and crude oil stays capped below Rs 6,620 while Strait of Hormuz tensions persist. Tonight’s US session is the common trigger across the board. Check back after Tuesday’s session for the next commodity market prediction update from Univest analysts.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on the Commodity Market Prediction for Tomorrow
What is the commodity market prediction for tomorrow, Thursday 9 July 2026?
Ans. The commodity market prediction for tomorrow is mixed. Base metals are firm, with zinc up 0.72 percent at Rs 369.30 per kg and copper steady at Rs 1,284.15 per kg, while gold eased 0.54 percent to Rs 1,46,588 per 10 grams, silver fell 0.41 percent and crude oil slipped 0.62 percent to Rs 6,527 per barrel.
Which commodities look strongest in the commodity market prediction for tomorrow?
Ans. Base metals lead the commodity market prediction for tomorrow. Zinc closed near its intraday high at Rs 369.30 per kg and copper held a tight band near Rs 1,284 per kg, supported by a 0.98 percent gain in the Nifty Metal index on the NSE.
Why are gold and silver prices falling?
Ans. Gold and silver eased today because easing haven demand and a steadier dollar pressured both metals, even as India VIX held near multi month lows at 11.65.
What is the crude oil view in the commodity market prediction for tomorrow?
Ans. Crude oil is the soft spot in the commodity market prediction for tomorrow. MCX July futures fell 0.62 percent to Rs 6,527 per barrel as expectations of higher OPEC plus supply pushed Brent towards 72 dollars. Resistance is at Rs 6,620 and support at Rs 6,494.
What is the outlook for crude oil after today’s Strait of Hormuz driven spike?
Ans. Crude oil surged 6.71 percent today after the US revoked an Iranian oil sales waiver and reports of tanker attacks in the Strait of Hormuz. Further escalation could push prices higher still, while any de-escalation could see some of today’s gains unwind; tonight’s US session is the next signal to watch.
Is the commodity market prediction for tomorrow investment advice?
Ans. No. The commodity market prediction for tomorrow is educational content only. All levels are analyst observations, not recommendations. Univest is a SEBI registered research analyst (INH000013776) and readers should consult a SEBI registered advisor before trading commodities.
