The commodities market opened weak on Friday, with precious metals and energy contracts witnessing notable selling pressure. As of 09:00 AM on November 21, 2025, Silver and Crude Oil emerged as the biggest laggards on MCX.
Silver Drops Over ₹2,400 — Biggest Decline of the Session
Silver futures expiring on 05 December 2025 recorded the sharpest fall, slipping by ₹2,409 to trade at ₹1,51,742, a 1.56% decline. Other silver contracts, including SILVERM and SILVERMIC, also saw heavy corrections of over ₹2,000 each, reflecting broad weakness in precious metals.
Crude Oil Slides as Global Prices Pressure Domestic Contracts
Crude oil futures due for expiry on 18 December 2025 also dropped sharply:
CRUDEOIL: down ₹80 (–1.52%)
CRUDEOILM: down ₹76 (–1.44%)
The decline reflects overnight weakness in global benchmarks and concerns over demand recovery.
Base Metals Mixed; Aluminium and Zinc Ease Slightly
Base metals saw mild but steady declines:
Aluminium (28 Nov): –₹1.20 (–0.45%)
Zinc (28 Nov): –₹1.25 (–0.41%)
Trading sentiment remained cautious amid weak cues from Asian markets.
Natural Gas Contracts Also Dip
Natural gas futures expiring on 26 December 2025 eased by ₹1.70 (–0.41%), while mini contracts slipped ₹1.60 (–0.38%).
Gold Softens; Minor Drop Seen in Early Trade
Gold contracts registered a modest decline with the 05 December 2025 contract down ₹460 to ₹1,22,267, a 0.37% dip. The movement aligns with broader pressure on precious metal prices.
