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Several Indian commodities are fluctuating in price. Gold prices rose 1.5% this month to a 6- month high, while crude oil prices fell 5% to a 4-month low owing to sluggish global demand. These variations are expected to raise the commodities market's nominal worth to US$983.30 billion by 2023. These changes are caused by supply and demand, production costs, economic development, geopolitical events, natural catastrophes, speculative trading, and government policies. These variables impact commodity prices and the global economy, influencing consumer products, stock markets, and other industries. These swings have major effects on India's economy. Trade disruptions may hurt commodity-dependent economies. Even as prices fall, commodities market volatility is expected to provide economic concerns. Commodity pricing, global trade dynamics, and changing rules and standards may impact actual economic activity, inflation, and economic development in India.