Archive · 16 Jan 2026
Commodities Decline on Easing Tensions
On January 16, 2026, the prices of gold, silver, and crude oil went down in the global markets and on the Multi-Commodity Exchange (MCX) in India.
Gold and silver prices fell because the US dollar became stronger, and there were fewer worries about conflicts in Iran.
Crude oil prices also dropped because people thought there was less chance of a war between the US and Iran.
Additionally, there were more oil supplies than expected, which also pushed prices down.
In India, the amount of oil bought from Russia decreased, and more oil was bought from OPEC countries.
Experts think that the prices of these commodities will keep changing because of different things happening in the world.
Gold and silver prices declined on MCX and global markets due to a stronger US dollar and easing geopolitical tensions.
Crude oil prices fell for the second day as fears of a US strike on Iran subsided, with Brent crude at $63.55 per barrel and US WTI at $59.04 per barrel.
MCX February crude oil contracts were trading flat at ₹5,366 per barrel, following global trends.
OPEC's share of India's crude oil imports rose to 53.2% in December 2025, while Russia's share fell to 27.4%.
Analysts predict continued volatility in commodity prices due to geopolitical risks and US Federal Reserve policies.
- Who
- Investors, traders, and refiners in the commodities market
- What
- Decline in gold, silver, and crude oil prices due to easing geopolitical tensions and profit booking
- When
- January 16, 2026
- Where
- Global markets and Multi-Commodity Exchange (MCX) in India
- Why
- Easing geopolitical tensions, profit booking, and stronger US dollar
- Gold Price on MCX
- ₹1,42,434 per 10 grams
- US Gold Futures
- $4,594.81 for February delivery
- Brent Crude Price
- $63.55 per barrel
- US WTI Crude Price
- $59.04 per barrel
- MCX Crude Oil Price
- ₹5,366 per barrel
- US Dollar Index
- 99.49
- OPEC's Share in India
- 53.2% in December 2025
- Russia's Share in India
- 27.4% in December 2025
Sources
Gold rates volatile on MCX on profit booking amid dollar's rise— Is it the right time to buy the yellow metal?
Gold eases as US jobs data lifts dollar; Trump softens tone on Iran
Gold rates fall on profit booking amid waning US Fed rate cut expectations, easing geopolitical tensions
Silver dips after US tariff pause, but set for hefty weekly gain
Gold, Silver Prices Ease Today: Check 24K And 22K Gold Rates In Your City On January 16
Silver rate today falls over ₹4,000/kg on MCX as US dollar gains strength on strong job data
Gold, silver prices ease moderately as US dollar gains
OPEC regains share in India as Russian oil imports slump in December
Crude oil prices fall for the second day on easing fears of a US strike on Iran. What's behind the fall?
Sensex, Nifty in green amid hopes of India-EU trade deal, lowering crude prices
Silver slips from record highs as geopolitical tensions ease
Forex reserves increase USD 392 mln to USD 687.19 bln
Gold rates today: MCX gold slips ₹720 per 10g, silver plunges ₹7,000 per kg on easing geopolitical worries
