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Informist, Friday, Jun. 5, 2026

MUMBAI – The iCOMDEX Composite index of the Multi Commodity Exchange of India opened lower Friday as bullion and base metal components were in the red. The index opened at 25625.35 points, down from 25728.84 points Thursday, and at 1026 IST, was trading 0.7% down at 25561.75 points.

Among the three components of the Composite index, the bullion index traded 0.8% lower, as gold declined 0.7% and silver fell 1%. Bullion prices fell as ‌developments in West Asia dampened hopes for a US-Iran peace deal amid rising inflation and interest rate-hike fears. The Iran-backed Hezbollah militant group rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troops from the country, undermining US President Donald Trump's efforts to halt fighting there to forge peace deal with Tehran.

The base metal index was down 0.7%, with copper down 1% and zinc declining 0.5%. Lead was down 0.1% and aluminium fell 0.5%. However, the energy index was up with crude oil trading 1% higher while natural gas was trading steady.

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 Deepshikha Bhardwaj

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