MCX Weekly Market Report: Total Turnover Crosses Massive ₹72 Lakh Crore Mark as Gold and Crude Oil Ease

Mumbai. Friday, 29 May 2026

India’s premier commodity derivatives exchange, the Multi Commodity Exchange (MCX), recorded a phenomenal performance, registering an aggregate weekly turnover of ₹72,16,572.63 crore. The trading window spanning late May demonstrated a stark divergence between traditional futures contracts and modern options structures. While standard commodity futures brought in ₹2,63,913.39 crore, options on futures stole the spotlight with a massive notional turnover of ₹69,52,658.79 crore. The weekly premium turnover in commodity options accounted for ₹35,232.93 crore.

Investors looking closely at macro trends can track regular commodity updates through the Matribhumi Samachar Business News Section.

Precious Metals: Sharp Volatility Hits Gold and Silver Bullion

Precious metals secured their spot as the most heavily traded division on the exchange, driving an impressive internal turnover of ₹1,60,743.17 crore. However, prices faced downward pressure across almost all expirations.

The June Gold futures contract opened at ₹1,59,498 per 10 grams, hitting an intraday high of ₹1,59,500 before sinking to a low of ₹1,53,451. The contract eventually wrapped up the week at ₹1,56,925—marking a notable decline of ₹2,681 from the previous week’s close of ₹1,59,606.

⚠️ Market Note & Technical Correction: It is important for everyday retail investors to note that these specific nominal futures contract figures diverge drastically from physical spot bullion market realities in India. While long-term experts debate macro milestones in Gold Price Prediction India reports, physical spot gold generally trades within different baseline liquidity brackets. The numbers captured here reflect specialized, highly leveraged MCX derivative pricing parameters.

Other key precious metal contracts also closed the week in the red:

• Gold Guinea (June): Fell by ₹1,739 to close at ₹1,27,275 per 8 grams.

• Gold Petal (June): Dropped ₹231 to finish at ₹15,928 per gram.

• Gold Mini (June): Retreated by ₹2,669, settling at ₹1,56,336 per 10 grams.

• Silver July Futures: Faced matching headwinds. The contract opened at ₹2,73,800 per kg, swung between a high of ₹2,77,399 and a low of ₹2,61,000, and ultimately settled lower at ₹2,69,537 (down ₹5,346).

Energy Under Pressure, While Base Metals Show Mixed Resilience

The broader energy segment accounted for a robust turnover of ₹73,268.64 crore, mostly dominated by heavy selling inside the Crude Oil pits. The benchmark Crude Oil June futures contract started at ₹9,415 per barrel but plunged to a weekly low of ₹8,409 before reclaiming minimal ground to settle at ₹8,537, down ₹805.

Conversely, Natural Gas futures bucked the bearish energy trend, gaining ₹9.8 to settle positively at ₹313.9 per MMBtu.

Base Metals & Agri At-a-Glance

The industrial base metal ecosystem logged a total turnover of ₹29,883.40 crore with highly mixed results:

• Copper June: Dipped marginally by ₹2.25 to close at ₹1,360.40 per kg.

• Zinc June: Gained ₹2.55 to finish at ₹367.55 per kg.

• Aluminium June: Climbed ₹3.85 to find a shelf at ₹387.50 per kg.

• Cardamom (Agri): Rose by ₹17 to close strong at ₹2,787 per kg.

Liquidity Analysis: Volumetric Turnover and Open Interest

The structural health of the exchange remains exceptionally strong, backed by high market liquidity. Open Interest (OI)—which indicates the total volume of outstanding derivative contracts left open at the end of the week—shows healthy, continued institutional and retail participation.

The massive retail density in micro contracts like Gold Petal and Silver Micro reveals that smaller retail traders are highly active on the exchange, utilizing affordable contract sizes to navigate a highly volatile macroeconomic environment.