Commodity Market Morning Outlook – May 29, 2025
By CapitalKeeper | Market Opening | Indian Commodities | Market Moves That Matter
As of May 29, 2025, the commodity markets are exhibiting varied movements influenced by global economic cues, geopolitical developments, and supply-demand dynamics. Here’s a comprehensive overview of the current trends in Gold, Silver, Crude Oil, and Natural Gas.
🟡 Gold: Slight Decline Amid Global Developments
- Current Price: ₹9,747 per gram for 24K gold, down ₹1 from the previous day .
- Market Insight: Gold prices have shown signs of exhaustion around the ₹98,000 level, with recent global developments, including tariff policy changes, influencing investor sentiment .
- Technical Outlook: The market is closely watching for further global economic cues that could impact gold’s safe-haven appeal.
⚪ Silver: Minor Dip Observed
- Current Price: ₹999 per 10 grams, a decrease of ₹1 from the previous day .
- Market Insight: Silver prices have remained relatively stable, with minor fluctuations influenced by industrial demand and global economic indicators.
- Technical Outlook: Investors are monitoring key support levels, with ₹95,500 being a critical point to watch for potential rebounds.
🛢️ Crude Oil: Prices Rise on OPEC+ Decisions and Tariff Developments
- Current Price: WTI crude oil is trading at $61.29 per barrel, reflecting a positive movement .
- Market Insight: Oil prices have climbed following OPEC+’s decision to leave output unchanged and a U.S. court’s move to block certain tariffs, which has improved market sentiment .
- Technical Outlook: The market is exhibiting bullish momentum, with resistance levels at $62.00 and support at $60.00.
🔵 Natural Gas: Slight Increase Amid Market Dynamics
- Current Price: Natural gas is trading at $3.575 per MMBtu, showing a modest increase .
- Market Insight: Prices have edged up slightly, influenced by factors such as LNG market dynamics and seasonal demand variations.
- Technical Outlook: Key resistance is observed at $3.60, with support at $3.50. Market participants are watching these levels for potential breakouts or reversals.
🌐 Global Cues Impacting Commodity Markets
- Economic Indicators: Global markets are reacting to recent policy decisions, including tariff changes and central bank announcements, which are influencing commodity prices.
- Geopolitical Developments: Ongoing geopolitical tensions and decisions by major economies are contributing to market volatility, particularly in energy commodities.
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