Which analysts prepared the this prediction?

Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the this prediction covering energy, precious metals and base metals across MCX and COMEX, with RBI rupee impact analysis.

Commodity Market Prediction for Tomorrow, Wednesday 5 August 2026: Crude Recovers to 84 Dollars on Tehran Denial as Zinc Holds 4-Year High Pre-RBI

Q: What is the this prediction, Wednesday 5 August 2026?

The this prediction is mixed but broadly constructive. Crude recovered to 84 US dollars on Tehran's denial of Iran talks. Gold rose 0.18 percent on safe-haven return. Silver gained 1.0 percent. Zinc held near its 4-year high at Rs 380 per kg. The this prediction is mildly bullish for energy and precious metals, strongly bullish for zinc, and secondary to the RBI decision in MCX rupee terms.

Brent: ~$84 (recovered). MCX Gold: Rs 1,42,100/10g. MCX Silver: Rs 1,53,800/kg. MCX Zinc: Rs 380/kg (4-yr high). MCX Copper: Rs 1,296/kg. VIX: 13.15. RBI 5 Aug 10 AM.

Updated: 4 Aug 2026 • 5:02 pm

Posted by:

Commodity Market Prediction for Tomorrow, Wednesday 5 August 2026: Crude Recovers to 84 Dollars on Tehran Denial as Zinc Holds 4-Year High Pre-RBI

The commodity market prediction for tomorrow for Wednesday 5 August 2026 comes after Tuesday's cautious session where the Nifty 50 fell 159 points or 0.64 percent to 24,614.90 as Tehran denied US-Iran peace talks, sending Brent crude recovering from 82 US dollars to approximately 84 US dollars. Bank Nifty fell approximately 1.3 percent as banks led the decline with HDFC Bank and Axis Bank among top losers. India VIX rose to approximately 13.15, reflecting pre-RBI anxiety. The dominant event for the commodity market prediction for tomorrow is the Reserve Bank of India Monetary Policy Committee rate decision at 10 AM IST Wednesday, with a unanimous hold at 5.25 percent widely expected. Tuesday's commodity market was defined by Tehran's denial of US-Iran peace talks, which reversed Monday's crude crash and sent Brent crude recovering from 82 to approximately 84 US dollars per barrel. This reversal changed the commodity market leadership: energy and precious metals gained on restored geopolitical risk premium while FMCG and auto stocks that had rallied on Monday's crude-crash narrative gave back some gains. Zinc continued its structural bull run at 4-year COMEX highs independent of geopolitical developments. The commodity market prediction for tomorrow is shaped by this new equilibrium combined with the RBI MPC decision at 10 AM IST Wednesday. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete commodity market prediction for tomorrow outlook covering technical levels, global cues and three stocks to watch.

Click Here – Get Free Investment Predictions

Table of Contents

Tuesday's Session Data

Indicator	Tuesday 4 Aug Close	Change
Primary Level	Brent $84/bbl; MCX Gold Rs 1,42,100; Zinc Rs 380/kg	Crude +$2; Gold +0.18%; Silver +1.0%; Zinc +0.5%
Day Range	Crude: Rs 6,800-6,950; Gold: Rs 1,41,600-1,42,380; Zinc: Rs 374-384	Session high/low
Nifty 50	24,614.90	-159 pts (-0.64%)
Bank Nifty	~57,485	~-762 pts (-1.3%)
India VIX	~13.15	+10.4% (pre-RBI anxiety)
Brent Crude	~$84/bbl	+$2 (Tehran denied Iran talks)
Bharti Airtel Q1 FY27	ARPU Rs 261 (+2%)	After-hours positive

Ankit Jaiswal notes that the commodity market prediction for tomorrow is informed by Tuesday's macro reversal: Tehran's denial of US-Iran peace talks partially unwound Monday's sharp crude oil crash, with Brent recovering from 82 US dollars to approximately 84 US dollars. Oil-linked stocks gained while FMCG and auto stocks gave back some of Monday's crude-driven gains, setting the base for the commodity market prediction for tomorrow.

Technical Levels for the commodity market prediction for tomorrow

Level Type	Zone
Immediate Support	Crude Rs 6,700; Gold Rs 1,41,500; Zinc Rs 368
Support 2	Crude Rs 6,500; Gold Rs 1,41,000
Strong Support	Crude $78 (WTI shale floor); Gold 200 DMA Rs 1,39,500
Immediate Resistance	Crude Rs 7,100; Gold Rs 1,43,500; Zinc Rs 392
Key Resistance	Crude Rs 7,400; Gold Rs 1,45,500

Kunal Singla notes that the commodity market prediction for tomorrow rests on immediate support Crude Rs 6,700; Gold Rs 1,41,500; Zinc Rs 368 holding through Wednesday's pre-RBI window from 9:15 AM to 10:00 AM IST. On RBI decision days, markets range-trade for the first 45 minutes before the announcement triggers a directional move of 1 to 2 percent. Ankit Jaiswal places Crude Rs 7,100; Gold Rs 1,43,500; Zinc Rs 392 as the key resistance for the commodity market prediction for tomorrow that must be cleared post-10 AM for the bullish case to be confirmed. Bharti Airtel's strong Q1 FY27 results with ARPU Rs 261 and PAT growth of approximately 35 percent provide a positive pre-market bias for the commodity market prediction for tomorrow.

RBI MPC Impact on the commodity market prediction for tomorrow

The RBI Monetary Policy Committee announces its rate decision at 10 AM IST on Wednesday 5 August. All six MPC members are expected to vote for a hold at 5.25 percent. The commodity market prediction for tomorrow is binary: a hold with neutral guidance would produce a relief bounce; a dovish signal would be a strongly positive catalyst for the commodity market prediction for tomorrow; a hawkish surprise would revise the outlook bearishly within minutes. Ankit Jaiswal recommends treating the 10 AM announcement as the reset point for all intraday positions in the commodity market prediction for tomorrow.

Key Factors Shaping the commodity market prediction for tomorrow

Tehran's denial of Iran talks sent crude from 82 to 84 US dollars and partially restored the geopolitical risk premium across energy, natural gas and precious metals in the commodity market prediction for tomorrow.
COMEX Zinc near 3,685 US dollars per tonne maintaining its 4-year high from Chinese supply cuts signals that base metals are in a supply-driven bull market independent of the Iran geopolitical narrative in the commodity market prediction for tomorrow.
The RBI MPC decision at 10 AM IST Wednesday is the primary domestic catalyst for the commodity market prediction for tomorrow in MCX terms. A dovish RBI weakening the rupee would amplify all MCX commodity prices in rupee terms. A hawkish RBI would partially offset commodity gains through rupee appreciation in the commodity market prediction for tomorrow.

Stocks to Watch Wednesday

Univest analysts flag these three stocks for educational observation in the commodity market prediction for tomorrow. These are not buy recommendations.

ONGC: CMP Rs 292. Ankit Jaiswal flags entry Rs 287-292, target Rs 308, SL Rs 280. ONGC is the primary equity expression of crude oil direction in the commodity market prediction for tomorrow, with higher crude improving its realization per barrel.

Hindustan Zinc: CMP Rs 528. Kunal Singla flags entry Rs 520-526, target Rs 550, SL Rs 508. Hindustan Zinc is the base metals standout in the commodity market prediction for tomorrow as India's only integrated zinc producer tracking COMEX Zinc at 4-year highs.

Hindalco: CMP Rs 750. Ankit Jaiswal flags entry Rs 741-748, target Rs 775, SL Rs 728. Hindalco provides broad base metals exposure across aluminium and copper aligned with the commodity market prediction for tomorrow dollar weakness and China demand narrative.

Use the Univest Screener to Find Opportunities Aligned With the commodity market prediction for tomorrow

Strategy for the commodity market prediction for tomorrow

For the commodity market prediction for tomorrow, trade energy (crude, natural gas) with a mild bullish bias given Tehran's Strait risk premium restoration. MCX Crude Rs 7,100 is the first resistance in the commodity market prediction for tomorrow.
For the commodity market prediction for tomorrow, maintain longs in zinc and Hindustan Zinc based on the structural supply deficit narrative that is independent of Iran geopolitical developments.
For the commodity market prediction for tomorrow, treat gold as a mild long given safe-haven return. Rs 1,41,500 is the support in the commodity market prediction for tomorrow; Rs 1,43,500 is the target.
Monitor Iran diplomatic updates and COMEX opening before MCX opens for the commodity market prediction for tomorrow, as the balance between Iran developments and COMEX momentum sets the opening tone.

Risks to Monitor

Iran talks resumption overnight reversing the Strait risk premium and making the commodity market prediction for tomorrow bearish for energy and natural gas.
Dollar recovery compressing all dollar-denominated commodities and reducing the commodity market prediction for tomorrow for gold, silver, copper and zinc.
RBI hawkish surprise strengthening the rupee and reducing MCX commodity prices in rupee terms for the commodity market prediction for tomorrow.

Conclusion

The commodity market prediction for tomorrow for Wednesday 5 August 2026 reflects Crude +$2; Gold +0.18%; Silver +1.0%; Zinc +0.5% to Brent $84/bbl; MCX Gold Rs 1,42,100; Zinc Rs 380/kg on Tuesday, as Tehran denied Iran peace talks and crude recovered to approximately 84 US dollars, raising pre-RBI caution. Ankit Jaiswal of Univest places support for the commodity market prediction for tomorrow at Crude Rs 6,700; Gold Rs 1,41,500; Zinc Rs 368 and resistance at Crude Rs 7,100; Gold Rs 1,43,500; Zinc Rs 392. The RBI MPC decision at 10 AM IST Wednesday is the single most important catalyst for the commodity market prediction for tomorrow. Check GIFT Nifty and Airtel pre-market at 9 AM to set the opening scenario.

Kunal Singla of Univest notes that with India VIX at approximately 13.15, the commodity market prediction for tomorrow carries wider intraday volatility than a typical session. A neutral RBI hold would produce a contained 150-200 point Nifty swing consistent with the commodity market prediction for tomorrow base case. Traders should honour stop losses and avoid large positions before 10 AM RBI clarity in the commodity market prediction for tomorrow.

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), BSE (bseindia.com) and MCX (mcxindia.com) websites before making any investment decision. Investments in securities and commodities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Download the Univest iOS App or Univest Android App to track live levels and RBI day alerts for the commodity market prediction for tomorrow.

FAQs on Commodity Market Prediction For Tomorrow

What is the commodity market prediction for tomorrow, Wednesday 5 August 2026?

Ans. The commodity market prediction for tomorrow is mixed but broadly constructive. Crude recovered to 84 US dollars on Tehran's denial of Iran talks. Gold rose 0.18 percent on safe-haven return. Silver gained 1.0 percent. Zinc held near its 4-year high at Rs 380 per kg. The commodity market prediction for tomorrow is mildly bullish for energy and precious metals, strongly bullish for zinc, and secondary to the RBI decision in MCX rupee terms.

Which analysts prepared the commodity market prediction for tomorrow?

Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the commodity market prediction for tomorrow covering energy, precious metals and base metals across MCX and COMEX, with RBI rupee impact analysis.

How does Tehran's Iran denial change the commodity market prediction for tomorrow?

Ans. Tehran's denial of US-Iran talks on Tuesday reversed Monday's commodity market dynamics. Crude recovered, gold got its safe-haven bid back, natural gas rose on Strait risk. This makes the this prediction more bullish for energy than Monday's context while keeping zinc's supply-driven bull run intact.

What is the RBI impact on the this prediction?

Ans. The RBI MPC decision at 10 AM IST Wednesday affects all MCX commodities through the rupee in the this prediction. A dovish RBI weakening the rupee amplifies all rupee-denominated MCX commodity prices. A hawkish RBI strengthening the rupee reduces MCX gains in rupee terms across the this prediction.

What three stocks express the this prediction?

Ans. ONGC expresses the crude recovery and energy upside in the this prediction. Hindustan Zinc expresses the zinc supply-deficit upside at 4-year highs. Hindalco expresses the broader base metals positive environment from dollar softness in the this prediction.

How is the this prediction different from Monday's?

Ans. Monday's commodity market prediction was defined by crude crashing 6 percent on Iran peace optimism. Tuesday's this prediction reverses that with crude recovering to 84 US dollars on Tehran's denial. The key difference is that energy and precious metals are now bullish again, while zinc's supply-driven bull run continues independent of this geopolitical flip in the this prediction.