Commodity Market Prediction for Tomorrow, Monday 3 August 2026: A Complex Split Down the Middle

Walk into tomorrow's session and the MCX board tells two different stories at once, which is exactly what makes a single line commodity market prediction for tomorrow unhelpful. Gold settled Friday at Rs 1,41,785 per 10 grams, down 1.01 percent, and silver closed at Rs 2,17,646 per kg, down 1.06 percent, both leaning on a firmer dollar after this week's hawkish Fed tone. Copper added 0.32 percent, zinc gained 0.53 percent and natural gas rose 0.68 percent, none of them reacting to the same currency pressure weighing on the metals used mainly as stores of value, a divergence this commodity market prediction for tomorrow tracks closely.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director, built this commodity market prediction for tomorrow from Friday's settlement prices across the metals and energy complex, working through the weekend with no fresh trade to update the picture before Monday reopens. Ankit Jaiswal covers gold, silver and crude oil, and Kunal Singla takes the base metals and broader positioning view.

Friday's Session: What It Means for Tomorrow's Commodity Market

• Gold fell 1.01 percent to Rs 1,41,785 per 10 grams and silver dropped 1.06 percent to Rs 2,17,646 per kg, both pressured by dollar strength.
• Crude oil held near Rs 8,022 per barrel, down 0.19 percent, after Thursday's sharp pullback from an intraday spike past 93 dollars a barrel on Brent.
• Copper rose 0.32 percent to Rs 1,342.75 per kg, zinc gained 0.53 percent to Rs 382.80 per kg, and natural gas added 0.68 percent to Rs 266.40 per mmBtu.

Commodity Market Levels to Watch Tomorrow

Metric	Level
Gold	Rs 1,41,785 (-1.01%) | Rs 1,41,500 support | Rs 1,42,900 resistance
Silver	Rs 2,17,646 (-1.06%) | Rs 2,17,000 support | Rs 2,19,900 resistance
Crude Oil	Rs 8,022 (-0.19%) | Rs 7,900 support | Rs 8,040 resistance
Natural Gas	Rs 266.40 (+0.68%) | Rs 264 support | Rs 268 resistance
Copper	Rs 1,342.75 (+0.32%) | Rs 1,335 support | Rs 1,350 resistance
Zinc	Rs 382.80 (+0.53%) | Rs 380 support | Rs 385 resistance

Kunal Singla reads the metals versus base metals split in this commodity market prediction for tomorrow as two separate trades rather than one: precious metals are tracking the dollar and US Treasury yields tied to this week's central bank decisions, while copper, zinc and natural gas are moving on their own supply and demand fundamentals. Whether that split holds into tomorrow or narrows will likely depend on how the rupee behaves once the RBI's policy meeting gets underway, a variable central to this commodity market prediction for tomorrow.

Expiry Calendar Worth Tracking Tomorrow

• Gold and Silver's August contracts roll toward expiry through the first half of the month, while Crude Oil's August contract runs to 19 August.
• Natural Gas expires 26 August, and both Copper and Zinc's August contracts run through to 31 August.
• Ankit Jaiswal expects rollover activity to pick up through the RBI policy week as traders reposition into month end contracts, a pattern worth watching in this commodity market prediction for tomorrow.

Global and Policy Backdrop Ahead of Tomorrow's Commodity Market Prediction for Tomorrow

Tomorrow also marks the opening day of the RBI Monetary Policy Committee's three day meeting, with the rate verdict due Wednesday, 5 August. The repo rate has been held at 5.25 percent across three straight reviews, and a fourth pause is the consensus view heading in.

Overnight on Wall Street, the Nasdaq surged 2.78 percent and the S&P 500 added 1.66 percent on Thursday as Microsoft led a broad tech rebound, a day after a Fed driven selloff. Brent crude settled near 89 dollars a barrel after an earlier spike past 93 dollars on Iran related strikes, and Gift Nifty was trading close to 24,422 on Friday morning.

How to Approach Tomorrow's Session

• Lean toward base metals over precious metals in this commodity market prediction for tomorrow while the dollar stays firm.
• Keep gold and silver positions light until there is more clarity from the RBI on Wednesday, a theme running through this commodity market prediction for tomorrow.
• Treat crude oil as a binary risk this weekend given how quickly Iran-US headlines have moved prices lately.
• Avoid oversized bets across the board tomorrow, since currency swings around the RBI verdict can move the entire MCX complex behind this commodity market prediction for tomorrow at once.

What Could Go Wrong: Risks to the Commodity Market Prediction for Tomorrow

• A stronger dollar tied to hawkish RBI or Fed commentary is the clearest threat to gold and silver in this commodity market prediction for tomorrow.
• A weekend escalation in the Iran-US standoff could send crude oil sharply higher before Monday's open, a risk this commodity market prediction for tomorrow flags directly.
• A fade in Thursday's Wall Street rally once Friday's US session closes could dampen risk appetite across commodities.
• Rollover related volatility tends to pick up as August contracts move closer to their expiry dates through the month.

Conclusion

This commodity market prediction for tomorrow, Monday 3 August 2026, points to a divided MCX board carrying into the new week, precious metals soft on dollar strength while base metals and natural gas hold their ground. Ankit Jaiswal and Kunal Singla both name the RBI's Wednesday verdict and the unresolved Iran-US situation as the two things most likely to move this commodity market prediction for tomorrow off its current settling point, and both plan to revisit this commodity market prediction for tomorrow once the policy outcome is known.

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What is the commodity market prediction for tomorrow, Monday 3 August 2026?

Ans. The commodity market prediction for tomorrow points to a split board: gold and silver pressured by dollar strength, while copper, zinc and natural gas hold firmer and crude oil stays range bound.

What is the gold outlook for tomorrow's session?

Ans. Gold settled Friday at Rs 1,41,785 per 10 grams, down 1.01 percent, with support at Rs 1,41,500 and resistance at Rs 1,42,900.

What is the silver outlook for tomorrow's session?

Ans. Silver closed Friday at Rs 2,17,646 per kg, down 1.06 percent, with support at Rs 2,17,000 and resistance at Rs 2,19,900.

Why are precious metals falling while base metals rise?

Ans. Gold and silver are tracking dollar strength and higher US Treasury yields from this week's Fed decision, while copper, zinc and natural gas are moving on their own supply and demand fundamentals.

How does the RBI meeting factor into tomorrow's commodity trade?

Ans. The RBI Monetary Policy Committee opens its meeting tomorrow, with the verdict due Wednesday. Any shift in rupee expectations could ripple through the MCX complex, especially gold and silver.

What is the crude oil setup for tomorrow?

Ans. Crude oil settled near Rs 8,022 per barrel, down 0.19 percent, after pulling back from an intraday spike past 93 dollars a barrel on Brent tied to Iran related strikes.

What are Ankit Jaiswal and Kunal Singla watching this week?

Ans. Ankit Jaiswal is tracking whether the precious metals versus base metals split narrows, while Kunal Singla flags the RBI verdict and expiry driven rollover activity as the bigger drivers.

Should traders add fresh commodity positions before the RBI decision?

Ans. Univest analysts suggest keeping positions light across the MCX complex ahead of Wednesday's verdict, and recommend consulting a SEBI-registered financial advisor before making investment decisions.