Commodity Market Prediction for Monday: All Six MCX Commodities Positive for 24 August 2026

The commodity market prediction for Monday follows the most broadly positive MCX session of the week. Ankit Jaiswal, Research Analyst at Univest, notes that when all six major commodity groups — precious metals, energy, and base metals — close positive simultaneously, it is a statistically rare signal of unified institutional buying. This phenomenon occurs when macroeconomic tailwinds (weak dollar, geopolitical risk, improved industrial outlook) align simultaneously, which is precisely the configuration driving the commodity market prediction for Monday.

Kunal Singla, Research Analyst at Univest, observes that the commodity market prediction for Monday is anchored by gold's historic Rs 1,60,000 breach. In commodity markets, when the benchmark precious metal crosses a major psychological milestone on a weekly close, it creates a "commodity confidence" effect where other commodities also extend their gains in the subsequent session. This cross-commodity momentum dynamic is the most powerful systemic input for the commodity market prediction for Monday.

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MCX Commodity Scorecard: 21 August 2026

Commodity	21 Aug Close	Change	Key Level for Monday
Gold (Sep)	Rs 1,59,991	+(1.24%)	Support Rs 1,59,500 | Resistance Rs 1,60,555
Silver (31 Aug)	Rs 2,47,612	+(1.27%)	Support Rs 2,45,000 | Resistance Rs 2,49,352
Crude Oil (Sep)	Rs 8,353	+(0.61%)	Support Rs 8,280 | Resistance Rs 8,384
Copper (31 Aug)	Rs 1,384.15	+(0.91%)	Support Rs 1,375 | Resistance Rs 1,386
Natural Gas (26 Aug)	Rs 266.40	+(2.03%)	Support Rs 262 | Resistance Rs 266.80
Zinc (31 Aug)	Rs 407.10	+(1.23%)	Support Rs 403 | Resistance Rs 407.75

Commodity Market Prediction for Monday: Sector Analysis

• Precious Metals (Bullish): Gold's Rs 1,60,000 closing breach is the headline commodity market prediction for Monday story. Silver's 1.27% gain adds depth to the precious metal rally. Ankit Jaiswal notes both metals are supported by Iran-Hormuz geopolitical risk and mild equity uncertainty (VIX +4.09% to 11.20).
• Energy (Bullish): Crude Oil's four-session 3.1% rally and Natural Gas's 2.03% surge confirm the energy complex is the strongest performing commodity group in the commodity market prediction for Monday. Iran-Hormuz supply concerns remain the primary energy driver.
• Base Metals (Mildly Bullish): Copper +0.91% and Zinc +1.23% (above Rs 400) reflect improving industrial sentiment. Nifty Metal's 0.86% Friday gain validates this in equities. Kunal Singla notes base metals carry more Monday uncertainty than precious metals or energy in the commodity market prediction for Monday.

Global Cues for Commodity Market Prediction for Monday

• COMEX Overnight: COMEX gold and silver levels Monday morning are the primary pre-open cue for MCX precious metals on Monday. Watch spot gold above $3,400/oz and silver above $30.50/oz.
• Iran-Strait of Hormuz: Ongoing supply risk remains the dominant crude oil and commodity driver for Monday. Any weekend escalation or resolution will be the primary opening catalyst.
• US Dollar Index: A weaker DXY heading into Monday would support precious metals and commodities across the board on Monday.

Key Events for Monday 24 August 2026

• MCX Silver Mini and Copper 24 Aug options expire Monday 24 August — elevated intraday volatility expected in early Monday trade
• COMEX levels Monday morning set the MCX precious metal opening for Monday
• Iran-Strait of Hormuz weekend news is the primary catalyst for crude oil and energy commodities on Monday
• US EIA natural gas report and OPEC+ communications over the weekend will shape the energy complex on Monday

Commodity-Linked Stocks to Watch

Stock	21 Aug Close (Rs)	Change	Key Level for Monday
Titan Company	4,093	+0.30%	Gold-linked: Support 4,061 | Resistance 4,100
Hindustan Zinc	573	+1.00%	Zinc/Silver: Support 564 | Resistance 578
ONGC	238	+0.88%	Crude-linked: Support 235 | Resistance 241
Hindalco Industries	687	+0.75%	Base Metals: Support 680 | Resistance 695
Reliance Industries	1,316.00	+0.21%	Crude/Petrochemical: Support 1,308 | Resistance 1,316

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Commodity Market Prediction Strategy for Monday 24 August 2026

• Priority 1 — Gold: buy dips to Rs 1,59,500 with stop Rs 1,58,500; target Rs 1,60,555 in the commodity market prediction for Monday
• Priority 2 — Silver: buy dips to Rs 2,45,000 with stop Rs 2,43,000; target Rs 2,49,352; note Monday 24 Aug options expiry
• Priority 3 — Crude Oil: buy dips to Rs 8,280 with stop Rs 8,180; target Rs 8,384 in the commodity market prediction for Monday
• Priority 4 — Zinc: buy dips to Rs 403 with stop Rs 398; target Rs 407.75 in the commodity market prediction for Monday

What Does Sentiment Indicate for Commodity Market Prediction for Monday?

Sentiment for the commodity market prediction for Monday is the most positive it has been all week. The six-for-six positive MCX close on Friday 21 August is an exceptional signal. Ankit Jaiswal notes that broad commodity rallies of this nature — where all asset categories (precious, energy, base metals) rise simultaneously — occur when the macro environment is overwhelmingly supportive. The Iran-Hormuz supply risk, US dollar weakness trend, and improving Chinese industrial sentiment are all pointing in the same direction for the commodity market prediction for Monday.

Kunal Singla observes that the equity market confirmation is particularly strong for the commodity market prediction for Monday: Nifty Metal +0.86%, Nifty Oil and Gas +1.07%, ONGC +0.88%, Hindustan Zinc +1.00%, Hindustan Copper +0.90% — all sector and stock-level validations that institutional investors across both equity and commodity markets are aligned on the bullish commodity market prediction for Monday.

Risks to Commodity Market Prediction for Monday

• A sharp Iran-Hormuz diplomatic resolution over the weekend would remove the supply risk premium from both energy and precious metals in the commodity market prediction for Monday
• US dollar (DXY) strengthening above 104 overnight would compress all dollar-denominated commodity prices in the commodity market prediction for Monday
• MCX options expiries (Silver, Copper, Natural Gas 24 Aug) on Monday create cross-commodity expiry volatility in the commodity market prediction for Monday
• Negative China industrial data released over the weekend would reduce base metal demand expectations in the commodity market prediction for Monday

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Conclusion

The commodity market prediction for Monday, 24 August 2026, is broadly bullish after the most positive MCX session of the week. All six commodities rose on 21 August, with Gold's historic Rs 1,60,000 breach as the headline event. Ankit Jaiswal's commodity market prediction for Monday priority is Gold (highest conviction), followed by Silver, Crude Oil, and Zinc. Kunal Singla notes that the six-for-six commodity rally and strong equity-sector confirmation make this the strongest setup for the commodity market prediction for Monday all week.

Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.

Frequently Asked Questions on Monday's MCX commodity outlook

What is the commodity outlook for 24 August, 24 August 2026?

Ans. The Wednesday's commodity forecast is broadly bullish. All six major MCX commodities closed positive on Friday 21 August: Gold +1.24% (historic Rs 1,60,000 breach), Silver +1.27%, Crude Oil +0.61%, Copper +0.91%, Natural Gas +2.03%, and Zinc +1.23%. Ankit Jaiswal notes this six-for-six positive close is the strongest commodity signal for the 24 August MCX outlook.

Which commodity is the best bet in the prediction for Monday?

Ans. Gold stands out in the Monday's MCX commodity outlook after its historic first-ever close above Rs 1,60,000 on 21 August. Ankit Jaiswal notes that a commodity crossing a landmark psychological level on a weekly close creates sustained momentum that typically persists into the next week's opening — making gold the highest-conviction commodity in the commodity outlook for 24 August.

What is the MCX commodity market overview for Monday 24 August 2026?

Ans. MCX Wednesday's commodity forecast: Gold Rs 1,59,991 (+1.24%) — above Rs 1,60,000 for first time; Silver Rs 2,47,612 (+1.27%); Crude Oil Rs 8,353 (+0.61%) — four-session rally; Copper Rs 1,384.15 (+0.91%); Natural Gas Rs 266.40 (+2.03%); Zinc Rs 407.10 (+1.23%). All positive — the broadest commodity rally this week.

What global factors drive the 24 August MCX outlook?

Ans. The Monday's MCX commodity outlook is driven by three primary global forces: Iran-Strait of Hormuz supply risk (bullish for crude, supporting gold); weakening US dollar trends (bullish for all dollar-denominated commodities); and China industrial recovery signals (bullish for base metals). Kunal Singla notes that all three factors align positively in the commodity outlook for 24 August.

What is the commodity market trading strategy for Monday?

Ans. For the Wednesday's commodity forecast, Ankit Jaiswal's priority hierarchy is: (1) Gold — buy dips to Rs 1,59,500, target Rs 1,60,555; (2) Silver — buy dips to Rs 2,45,000, target Rs 2,49,352; (3) Crude Oil — buy dips to Rs 8,280, target Rs 8,384; (4) Zinc — buy dips to Rs 403, target Rs 407.75. Kunal Singla advises using defined stop-losses for all the 24 August MCX outlook positions.