Crude oil prices have eased slightly to around $101–102 per barrel (around Rs9,900), as markets assess developments in US-Iran tensions and potential supply stability,
Gaurav Garg,
Research analyst,
Lemonn markets desk.
Mumbai, 4 May 2026: In today's commodity market update, gold prices have remained largely range-bound near $4,605 per ounce (approximately Rs1,51,000 per 10 grams), with slight pressure seen due to persistent inflation concerns and expectations of higher interest rates, although geopolitical tensions continue to provide downside support. Silver traded marginally higher around $75 per ounce (about Rs2,40,000 per kg), supported by steady industrial demand and safe-haven buying amid global uncertainty. Meanwhile, crude oil prices have eased slightly to around $101–102 per barrel (around Rs9,900), as markets assess developments in US-Iran tensions and potential supply stability, though prices remain elevated overall. The broader outlook remains mixed, as geopolitical developments and central bank policy expectations continue to drive volatility, with commodities likely to stay range-bound in the near term.
