MCX Close Brief — Thursday, 4 June 2026 | 04:54 AM IST

Data note: MCX Kite session data was unavailable at publication time. OHLC figures below are derived from COMEX reference prices and USD/INR translation. Treat as indicative, not official MCX settlement values.

1. TODAY'S SESSION RECAP

Global commodity markets presented a split picture through Thursday's MCX session. Precious metals held the leadership role, with COMEX Gold gaining +0.24% to $4,476.15/oz — translating to approximate MCX Gold near ₹1,37,900/10g at the ₹95.71 USD/INR rate. Silver added +0.31% to $73.31/oz, making it the session's percentage leader across the complex. Crude oil pulled back -0.30% to $95.46/bbl, applying mild pressure to MCX Crude contracts, while Copper was near-flat at +0.06% to $6.49/lb.

2. HOW MCX CLOSED VS THE DAY'S RANGE

With live MCX OHLC data unavailable, range structure cannot be confirmed for today's session. On COMEX, Silver's close at $73.31 held near intraday highs, indicating a top-of-range structure — historically associated with sustained buying interest into settlement. Crude's close at $95.46 sat closer to the session low end of its intraday band, a fading pattern seen in past episodes of late-session supply-side pressure.

3. WHAT COMEX IS DOING NOW

As MCX approaches its 11:30 PM close, the US session shows Gold steady at $4,476.15 (+0.24%) and Silver at $73.31 (+0.31%) — both holding gains without meaningful reversal. Crude at $95.46 (-0.30%) and NatGas at $3.24 (-0.28%) are both in mild negative territory. Precious metals are confirming MCX's bullish direction; energy is diverging modestly to the downside.

4. OVERNIGHT WATCH LIST

Three levels merit attention at Friday's MCX open:

  • COMEX Gold $4,450 — a level that in past episodes has acted as intraday support during US session pullbacks
  • WTI Crude $95.00 — round-number proximity; historically a watched inflection zone
  • USD/INR ₹95.71 — any overnight move ±0.3% materially shifts INR-translated MCX prices

Overnight data to monitor: US weekly EIA Crude Inventory report and any scheduled Fed speaker remarks that could reprice rate expectations.

Overnight watch: EIA crude inventory print — directional surprise here historically drives the sharpest next-open move in MCX Energy contracts.