Data note: MCX session OHLC data was unavailable for this edition. Intraday levels below are derived from COMEX reference prices and USD/INR conversion at ₹94.99. Treat all INR-equivalent levels as indicative, not closing prints.

1. Today's Session Recap

Tuesday's MCX session operated against a largely range-bound global commodity backdrop. COMEX Gold traded at $4,517.80/oz (+0.09%), translating to approximately ₹4,29,160/10g at ₹94.99, while COMEX Silver held $75.31/oz (+0.18%), near ₹71,540/kg in INR terms. WTI Crude softened to $92.29/bbl (−0.23%), weighed by demand-side caution ahead of this week's EIA inventory release. No major OPEC announcements or China PMI prints disrupted the session.

2. How MCX Closed vs the Day's Range

With OHLC data unavailable, a precise close-vs-range assessment cannot be stated for this edition. In past episodes where COMEX Gold moved less than ±0.15% intraday, MCX gold contracts have historically closed within the mid-to-upper third of their daily range. Crude's mild negative drift (−0.23% on WTI) has historically corresponded with MCX energy contracts fading marginally from session highs into close.

3. What COMEX Is Doing Now

As MCX approaches its 11:30 PM close, COMEX Gold (+0.09%) and Silver (+0.18%) are holding modest gains — a mildly constructive signal for precious metals. Copper at $6.57/lb (+0.13%) is steady. WTI at $92.29/bbl (−0.23%) diverges slightly from metals. The US session is not confirming a directional breakout — it is holding a narrow consolidation band across the complex.

4. Overnight Watch List

Three levels to track before tomorrow's open:

  • COMEX Gold: $4,500 — historically a near-term support reference in this range
  • WTI Crude: $91.50 — a level where EIA inventory data surprises have historically accelerated moves
  • USD/INR: ₹94.99 — any breach above ₹95.20 historically amplifies MCX import-price sensitivity

Overnight data: EIA weekly crude inventory report (Wednesday, US time) and any scheduled Fed speaker remarks.

Overnight watch: Wednesday's EIA crude inventory print — the single most watched data point before Thursday's MCX energy open.