Commodity Market Today 10 Nov: Gold, Silver, Crude Levels
On this page 6 sections
In short: In the last session, MCX gold rose 0.43% to ₹1,43,166, silver rose 1.10%, crude fell 3.80%, natural gas rose 5.44%. Overseas, international gold rose 0.97% to $4,114.5 an ounce. The rupee closed at 93.90 per dollar (stronger by 56 paise).
What happened yesterday (9 November)
| Commodity (MCX) | Close | Change | Change (%) |
|---|---|---|---|
| Gold (Dec), ₹/10 g | 1,43,166 | +614 | +0.43% |
| Silver (Dec), ₹/kg | 1,87,127 | +2,027 | +1.10% |
| Crude oil (Nov), ₹/bbl | 8,229 | −325 | −3.80% |
| Natural gas (Nov), ₹/MMBtu | 300.5 | +15.5 | +5.44% |
| Copper (Nov), ₹/kg | 1,351.40 | +12.05 | +0.90% |
| International | Close | Change (%) |
|---|---|---|
| Gold (COMEX), $/oz | 4,114.5 | +0.97% |
| Natural gas (NYMEX), $/MMBtu | 3.218 | +7.34% |
| Copper (COMEX), $/lb | 6.3445 | +2.03% |
| US dollar / rupee | 93.903 | −0.59% |
India (IBJA): 24-carat gold (999) ₹1,41,452 per 10 g (−1.86%) and silver (999) ₹1,82,868 per kg (−2.37%), closing rates of 6 November without GST.
Important news
- Gold vs silver vs copper vs platinum: Which metal could deliver the biggest returns in Samvat 2083?: Silver has the strongest potential among the four metals for Samvat 2083 after a steep correction, though its volatility poses significant risk. Gold may suit investors seeking resilience, supported by central-bank buying and ETF holdings.
- Sensex today – Stock Market Highlights: Stock markets end higher amid easing crude oil prices, buying in banks: Sensex, Nifty, Share Prices Highlights: Market benchmark indices Sensex and Nifty ended higher on Monday amid a correction in crude oil prices and buying in blue-chip bank and financial stocks.
- CAS weighs on NSE, BSE Q2 earnings; MCX rides gold, silver volatility: Sebi's rollback of the closing auction session could revive trading volumes and profitability at equity exchanges, while MCX faces questions over the sustainability of its precious-metals-driven growth.
- Today’s Gold Rate, November 9: Check gold rates in Delhi, Mumbai, Chennai: 22, 24 carat Gold prices up across metro cities on November 9
- Indian bonds drift with oil; inflation data in focus: Indian government bonds exhibited limited movement today as oil prices showed signs of stabilization. Investors are remaining cautious, especially with inflation data from both the United States and India on the horizon. Scheduled for later today is a bond…
- Gold prices may stay volatile in 2027; JPMorgan sees $6,300 an ounce: Precious metals have experienced a volatile year, with gold correcting 20% to 25% from its January peak. However, global brokerages remain bullish for the coming year, citing central bank purchases and geopolitical uncertainty.
Intraday levels for today (10 November)
The first level on each side is the one to watch at the open.
| Commodity (MCX) | Resistance | Support |
|---|---|---|
| Gold (₹/10 g) | 1,44,034, then 1,44,901 | 1,42,665, then 1,42,163 |
| Silver (₹/kg) | 1,89,044, then 1,90,962 | 1,85,564, then 1,84,002 |
| Crude oil (₹/bbl) | 8,519, then 8,808 | 8,014, then 7,798 |
| Natural gas (₹/MMBtu) | 307.4, then 314.2 | 288.1, then 275.6 |
| Copper (₹/kg) | 1,355.97, then 1,360.53 | 1,345.92, then 1,340.43 |
International levels (in $):
| Commodity | Resistance | Support |
|---|---|---|
| Gold ($/oz) | 4,160.6, then 4,206.8 | 4,065.4, then 4,016.4 |
| Natural gas ($/MMBtu) | 3.309, then 3.399 | 3.058, then 2.897 |
How to read them: Gold's pivot is about ₹1,43,532, and the last price is below it; ₹1,44,034 is the first hurdle and ₹1,42,665 the first support. Silver's pivot is about ₹1,87,482, and the last price is below it; ₹1,89,044 is the first hurdle and ₹1,85,564 the first support. Crude oil's pivot is about ₹8,303, and the last price is below it; ₹8,519 is the first hurdle and ₹8,014 the first support. A move beyond the second level on either side usually means a trending day.
Weekly and positional levels
| Commodity | Weekly resistance | Weekly support | Positional support |
|---|---|---|---|
| Gold (₹/10 g) | 1,46,486, then 1,50,421 | 1,38,240, then 1,33,929 | 1,42,811 |
| Silver (₹/kg) | 1,92,280, then 1,99,461 | 1,76,585, then 1,68,071 | 1,62,402 |
| Crude oil (₹/bbl) | 9,382, then 10,209 | 7,959, then 7,363 | 7,848 |
| Natural gas (₹/MMBtu) | 290.8, then 296.6 | 275.2, then 265.4 | 277.8 |
| Copper (₹/kg) | 1,379.40, then 1,419.45 | 1,313.35, then 1,287.35 | 1,334.77 |
Gold is above its weekly pivot of ₹1,42,175. Silver is above its weekly pivot of ₹1,83,766.
Events to watch today
- Rupee: a weaker rupee lifts MCX prices even when international prices are flat, and a stronger rupee does the opposite.
Pokharna Research view
Precious metals gained in the last session, with the rupee stronger at 93.90. For today, gold ₹1,43,532 is the pivot to watch: holding above it keeps the tone firm, while a slip below ₹1,42,665 opens ₹1,42,163. Crude's range is ₹8,014–₹8,519; supply headlines can push it outside quickly.
This report is educational and informational. It is not investment advice, and nothing here is a call to trade any commodity. Commodity futures are leveraged and carry high risk. Pokharna Research does not claim SEBI registration.