Commodity Market Prediction for Tomorrow 29 May 2026: MCX Gold, Silver, Crude Oil and Base Metals

The commodity market prediction for tomorrow 29 May 2026 is cautious across precious metals, energy, and base metals. MCX Gold June contract closed at Rs 1,57,616 per 10 grams on 27 May 2026. MCX Crude Oil closed at Rs 9,014 per barrel, well below the May high of Rs 10,400. MCX Copper stood at Rs 1,322 per kg and Natural Gas near Rs 277 per MMBtu. GIFT Nifty at -261 points (-1.09 per cent) on 28 May 2026 and sharp declines in Asian equities add global risk-off pressure to the commodity market prediction for tomorrow.

Click Here – Get Free Investment Predictions

MCX Commodity Prices on 27 May 2026

MCX Gold (June contract): Rs 1,57,616 per 10 grams | Support: Rs 1,56,000 | Resistance: Rs 1,59,000

MCX Silver (July contract): Rs 2,60,000 per kg (approx) | Support: Rs 2,53,000 | Resistance: Rs 2,70,000

MCX Crude Oil (June contract): Rs 9,014 per barrel | Support: Rs 8,885 | Resistance: Rs 9,155

MCX Copper (June contract): Rs 1,322 per kg | Support: Rs 1,290 | Resistance: Rs 1,360

MCX Natural Gas (June contract): Rs 277 per MMBtu | Support: Rs 268 | Resistance: Rs 289

MCX Zinc (June contract): Rs 295 per kg (approx) | Support: Rs 284 | Resistance: Rs 308

MCX Gold Commodity Prediction for Tomorrow 29 May 2026

Ankit Jaiswal, Senior Research Analyst at Univest, notes that MCX Gold closed at Rs 1,57,616 per 10 grams on 27 May 2026, with the August 2026 contract at Rs 1,60,310. The commodity market prediction for tomorrow for gold is cautious. Global risk-off from Asian equity weakness typically supports safe-haven gold demand, but a stronger US dollar due to risk aversion can simultaneously cap gold upside. Key resistance is at Rs 1,59,000 to Rs 1,59,500, above which Rs 1,60,500 is the next target. Support is at Rs 1,56,000 to Rs 1,55,000 on a breakdown.

MCX Crude Oil Commodity Prediction for Tomorrow 29 May 2026

Kunal Singla, Associate Director at Univest, observes that MCX Crude Oil at Rs 9,014 per barrel is in a bearish corrective phase from the May high of Rs 10,400. The commodity market prediction for tomorrow for crude oil is bearish. US-Iran deal timeline is the primary catalyst. Any ceasefire framework announcement would add supply to the market and extend the crude oil correction. Key support is at Rs 8,885, below which Rs 8,795 opens. Resistance at Rs 9,155 must be reclaimed for any bullish reversal in crude oil on 29 May 2026.

Check the Univest Screener for live data and technical levels

MCX Base Metals and Natural Gas Prediction for Tomorrow 29 May 2026

• Copper (Rs 1,322/kg): Support at Rs 1,290, resistance Rs 1,360. China electrification demand is the long-term driver. Near-term cautious on Asian equity weakness.
• Zinc (Rs 295/kg): Support Rs 284, resistance Rs 308. Galvanizing demand and tight LME inventory support zinc structurally.
• Natural Gas (Rs 277/MMBtu): Support Rs 268, resistance Rs 289. US record production (109.4 bcfd) and below-normal weather forecasts are bearish near-term.

Global Cues for Commodity Market Prediction for Tomorrow 29 May 2026

• GIFT Nifty -261 Points: Asian equity risk-off typically supports gold as safe haven while weighing on base metals and crude oil.
• US Dollar Direction: Dollar strength on risk aversion is bearish for gold, silver, and base metals priced in USD.
• US-Iran Deal Timeline: The most important commodity catalyst. Any ceasefire is bearish for crude oil but neutral to bullish for gold.
• China Industrial Production Data: Watch for Chinese manufacturing data that could swing base metal demand expectations.

Download the Univest iOS App or Univest Android App for live market data and daily expert predictions.

Conclusion: Commodity Market Prediction for Tomorrow 29 May 2026

The commodity market prediction for tomorrow 29 May 2026 is cautious across all MCX segments. Gold at Rs 1,57,616 is the defensive safe-haven play. Crude Oil at Rs 9,014 remains in a corrective downtrend. Copper at Rs 1,322 is structurally bullish but near-term cautious. Natural Gas at Rs 277 faces US production headwinds. Ankit Jaiswal of Univest advises waiting for gap-down price discovery before taking commodity positions on 29 May 2026. This commodity market prediction for tomorrow is 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.

Frequently Asked Questions

What is the MCX commodity market prediction for tomorrow 29 May 2026?

Ans. The commodity market prediction for tomorrow is cautious. MCX Gold at Rs 1,57,616 per 10g (support Rs 1,56,000), Crude Oil at Rs 9,014/bbl (support Rs 8,885), Copper at Rs 1,322/kg (support Rs 1,290), Natural Gas at Rs 277/MMBtu (support Rs 268). GIFT Nifty -261 points adds global risk-off.

What is the MCX Gold price prediction for tomorrow 29 May 2026?

Ans. MCX Gold June contract closed at Rs 1,57,616 per 10 grams on 27 May 2026. The commodity market prediction for tomorrow places support at Rs 1,56,000 and resistance at Rs 1,59,000. Global safe-haven demand from Asian equity weakness may support gold but US Dollar strength is a counter-factor.

What is the MCX Crude Oil price prediction for tomorrow 29 May 2026?

Ans. MCX Crude Oil is at Rs 9,014 per barrel, in a corrective phase from the Rs 10,400 May high. The commodity market prediction for tomorrow for crude oil is bearish. Support is at Rs 8,885 and resistance at Rs 9,155. The US-Iran deal timeline is the primary catalyst.

What is the MCX Copper prediction for tomorrow 29 May 2026?

Ans. MCX Copper stands at Rs 1,322 per kg with support at Rs 1,290 and resistance at Rs 1,360. The commodity market prediction for tomorrow for copper is cautious bullish on the back of global electrification demand, but near-term Asian market weakness adds caution.

Which commodities are best positioned in the commodity market prediction for tomorrow?

Ans. Gold has the best positioning in the commodity market prediction for tomorrow due to safe-haven demand from global risk-off. Copper is structurally bullish but faces near-term headwinds. Crude Oil and Natural Gas face the most pressure in the commodity market prediction for tomorrow 29 May 2026.