Commodity markets show mixed trends amid easing war fears

Silver and gold rebound while crude oil and natural gas decline

Mar. 27, 2026 at 4:09am

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Commodity markets displayed a mixed performance on Friday, with precious metals like silver and gold rebounding while crude oil and natural gas prices declined. The shifts came amid signs of temporary easing in geopolitical tensions, as US President Donald Trump postponed the deadline for Iran to reach a deal.

Why it matters

The fluctuations in commodity prices, particularly in energy and precious metals, can have significant implications for businesses, consumers, and the overall economy. The market's reaction reflects investors' assessment of the evolving geopolitical landscape and its potential impact on supply and demand dynamics.

The details

Silver surged 2% to Rs 2,24,276, while gold rose 1.13% to Rs 1,41,076, recovering from the sharp sell-off seen in the previous session. Copper and zinc also gained, indicating mild strength across base metals. In contrast, crude oil prices declined, with domestic crude down 1.52% to Rs 8,862, and natural gas slipping 1.55% to Rs 278.6. Globally, WTI crude traded around $92.80 per barrel (-1.8%) and Brent crude near $105.85 per barrel (-2.0%).

  • The commodity market trends were observed on Friday, March 27, 2026.

The players

Donald Trump

The President of the United States who postponed the deadline for Iran to reach a deal, easing immediate concerns around escalation.

Iran

The country that has reportedly rejected a US proposal to end the conflict, as negotiations remain ongoing.

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The takeaway

The mixed commodity market performance reflects the cautious sentiment among investors as they navigate the evolving geopolitical landscape and its potential impact on supply and demand dynamics. The rebound in precious metals and the decline in energy prices suggest a temporary easing of war fears, but the overall uncertainty remains.