Commodity Market Updates, September 26: Crude oil, Gold futures climb; Silver declines

Here is how different commodity futures were trading on September 26.

Gold futures

Gold prices climbed to ₹1,13,160 per 10 grams in the domestic futures market on Friday, September 26, despite a largely flat trend in the overseas market.

On the Multi-Commodity Exchange (MCX), gold for October delivery rose to ₹1,13,160 per 10 grams. Similarly, the December contract traded higher at ₹1,14,198 per 10 grams.

Globally, gold futures for December delivery rose 0.15% to $3,776.90 per ounce.

Commodities market experts said upbeat US macroeconomic data released on Thursday fuelled uncertainty over the pace of interest rate cuts by the Federal Reserve, limiting the gains in the yellow metal prices.

Silver futures

Silver prices pulled back from their record peak and declined ₹400 to ₹1,36,656 per kilogram.

On the MCX, silver futures for December delivery fell ₹400 or 0.29% to ₹1,36,656 per kilogram in 17,462 lots. The white metal had touched a record high of ₹1,37,530 per kg on Thursday.

The March 2026 contract also slipped ₹351 or 0.25% to ₹1,38,051 per kg in 2,216 lots after hitting an all-time high of ₹1,38,847 per kg in the previous session.

In the international market, silver futures were trading 0.21% lower at $45.02 per ounce. On Thursday, silver had climbed to hover near a 14-year high of $45.50 per ounce.

Copper futures

Copper futures rose 0.12% to ₹944.80 per kilogram due to higher spot demand.

On the MCX, copper contracts for October delivery grew by ₹1.10 or 0.12% to ₹944.80 per kg in a business turnover of 6,894 lots.

Analysts attributed the rise in copper prices to higher bets by participants.

Aluminium futures

Aluminium prices increased by 25 paise to ₹256.40 per kilogram in the futures trade as speculators built up fresh positions amid a positive trend in the spot market.

On the MCX, aluminium for delivery in October increased 25 paise or 0.1% to ₹256.40 per kg in 4,099 lots.

Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.

Zinc futures

Zinc prices surged by 65 paise to ₹285.55 per kilogram in futures trade amid a pick-up in spot demand.

On the MCX, zinc contracts for October delivery traded higher by 65 paise or 0.23% at ₹285.55 per kg with a business turnover of 3,102 lots.

Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries, kept zinc prices higher in the futures trade.

Crude oil futures

Crude oil prices rose ₹25 to ₹5,798 per barrel in futures trade as participants increased their positions following a firm spot demand.

On the MCX, crude oil for October delivery traded higher by ₹25 or 0.43% at ₹5,798 per barrel in 10,965 lots.

Analysts said participants raising bets kept crude oil prices higher in futures trade.

Globally, West Texas Intermediate crude was trading 0.34% higher at $65.20 per barrel, while Brent crude rose 0.16% to $69.53 per barrel in New York.