MCX iCOMDEX Composite index trades lower as bullion, base metal rates down
This story was originally published at 12:28 IST on 29 May 2026
Register to read our real-time news.Informist, Friday, May 29, 2026
MUMBAI – The iCOMDEX Composite index of the Multi Commodity Exchange of India was down in early trade Friday. The index opened at 25756.91 points, largely unchanged from Wednesday's close of 25756.34 points. At 1222 IST, the index was down 0.1% at 25669.55 points.
Among the three components of the Composite index, the bullion index was trading 0.2% lower, as gold declined 0.2% and silver 0.3%. Bullion prices fell due to uncertainty regarding a possible peace deal between US-Iran. Reports indicated that the US and Iran were closing in on an agreement to extend the ceasefire by 60 days. However, US President Donald Trump still needs to approve the memorandum of understanding which extends the ceasefire.
US Vice President J.D. Vance said the US and Iran still need to work out several sticking points before an agreement on the war can be reached, the BBC reported. Asked if US President Trump was close to signing a deal, Vance said it was too early to say "when or if" the two sides would finalise an agreement, the report said. The uncertainty kept markets on edge and weighed on bullion prices, analysts said.
The energy index was down 1.4%, with crude oil trading 2% lower while natural gas was up 0.7%. The base metal index was down 0.2%. Aluminium and copper were down 0.5% and 0.3%, respectively. Lead was down 0.1%, while zinc was up 0.1%.
The MCX iCOMDEX comprises a series of real-time commodity futures price indices and tracks the performance of a basket of commodity futures. It serves as a benchmark for market movements in bullion, base metals, and energy. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Reshma Ravi
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
