MCX iCOMDEX opens lower dragged by bullion, base metals components
This story was originally published at 12:24 IST on 10 June 2026
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MUMBAI – The iCOMDEX Composite index of the Multi Commodity Exchange of India was trading lower Wednesday amid a volatile market. Bullion and base metal components were in the red, while energy constituent were volatile. The Composite index opened marginally lower at 24326.89 points against Tuesday's close of 24329.73 points. At 1113 IST, the index was down 1.3% at 24020.02 points.
Among the three components of the Composite index, the bullion index traded 2% lower as both gold and silver declined 2% each. Bullion prices opened lower as oil prices rose on renewed hostilities between the US and Iran, fuelling concerns about inflation and interest rate hikes. On Tuesday, the US launched strikes against Iran after US President Donald Trump said Tehran had shot down a US Apache helicopter in the Strait of Hormuz, deepening doubts over a potential peace deal and further straining a fragile ceasefire.
The energy index remained volatile with crude oil trading 0.6% higher while natural gas was trading 1% lower. The base metal index was down 0.9%, with copper down 0.7% and zinc declining 0.6%. Lead was down 0.5% and aluminium fell 1.6%.
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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