Mumbai: The Multi Commodity Exchange (MCX) witnessed a day of extreme divergence as precious metals faced a heavy sell-off while the energy segment trended upward. The total turnover for the session reached a staggering ₹118,480.18 crore, dominated heavily by a notional turnover of ₹110,714.73 crore in commodity options.
Precious Metals: The “Gold-Silver” Slump
The bullion market faced significant downward pressure. Gold and silver futures combined for a trading value of ₹6,043.69 crore, but prices remained firmly in the red.
Gold April Futures: Opened at ₹139,800 and settled at ₹140,922 per 10 grams, marking a sharp decline of ₹3,175 (2.2%).
Silver May Futures: The biggest loser of the day, Silver tumbled by 6% (₹14,090) to settle at ₹220,744 per kg.
Mini & Micro Contracts: Gold-Mini fell 2.38%, while Silver-Micro dropped by 5.96% to reach ₹224,650 per kg.
Energy & Base Metals: A Ray of Green
Contrasting the gloom in bullion, the energy segment recorded deals worth ₹811.26 crore, with Crude Oil leading the charge.
Crude Oil April Futures: Gained 5.02% to settle at ₹8,926 per barrel.
Natural Gas: Saw a modest improvement of 0.11%, quoting at ₹277.90 per MMBTU.
Base Metals: Zinc and Aluminum recorded gains of 0.53% and 0.57% respectively, while Copper and Lead closed lower.
Trading Highlights & Open Interest
The shift toward options trading remains the standout story for MCX in 2026. The premium turnover for options stood at ₹798.24 crore.
| Commodity Contract | Open Interest (Lots) |
| Gold-Petal (March) | 367,841 |
| Silver-Micro (April) | 71,038 |
| Gold-Mini (April) | 56,391 |
| Natural Gas | 26,156 |
In the options on futures segment, the Crude Oil ₹9,000 Call Option saw a significant jump of ₹223, while the Gold ₹150,000 Call Option declined by ₹925, reflecting the broader bearish sentiment in the yellow metal.
