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India Commodities

MCX Commodity Futures: Live MCX Rates, Charts & Analysis

Follow front-month commodity futures traded on India’s Multi Commodity Exchange — Gold, Mini Gold, Silver, Mini Silver, Crude Oil, Natural Gas, Copper, Aluminium, Zinc, Lead and Nickel. All prices are quoted in Indian rupees and refresh automatically after the page loads, subject to MCX trading hours.

What is MCX?

The Multi Commodity Exchange of India (MCX) is the country’s largest commodity derivatives exchange, headquartered in Mumbai and regulated by the Securities and Exchange Board of India (SEBI). Established in 2003, MCX provides a nationwide electronic platform where standardised futures and options contracts on physical commodities are traded, cleared and settled. Contract prices are quoted in Indian rupees, which makes MCX the natural reference point for domestic jewellers, refiners, energy consumers, metal fabricators and traders who need commodity exposure priced in the local currency.

Trading Categories on MCX

MCX activity is concentrated in three broad segments, all of which are covered on this dashboard:

  • Bullion: Gold and Silver futures — including the smaller Mini Gold and Mini Silver contracts — are the exchange’s most actively followed products. They track international precious-metal prices adjusted for the USD/INR exchange rate and import duties.
  • Energy: Crude Oil and Natural Gas futures mirror the global NYMEX benchmarks in rupee terms, giving Indian participants a direct way to trade or hedge energy price movements.
  • Base metals: Copper, Aluminium, Zinc, Lead and Nickel contracts reflect industrial-metal demand and broadly follow London Metal Exchange trends, again converted into rupees.

Why Follow MCX?

MCX plays a central role in domestic commodity price discovery. Because its contracts combine international commodity prices with the USD/INR exchange rate, local taxes and domestic supply-demand conditions, MCX quotes represent the effective price of commodities for the Indian economy — not just a converted global number. Physical market participants across the country reference MCX futures when pricing gold at the jeweller, fuel-linked contracts, or industrial metal purchases.

For traders and investors, MCX rates offer several practical signals:

  • Rupee-denominated gold and silver often behave as domestic inflation and currency hedges — a falling rupee can lift MCX bullion even when international prices are flat.
  • Energy futures provide an early read on input-cost pressure for Indian industry and on companies sensitive to crude and gas prices.
  • Base-metal trends signal the health of manufacturing, construction and infrastructure demand.

MCX contracts are month-specific: the front-month contract shown here changes as expiry approaches, so always check the contract month before comparing prices across different dates.

This page is for market tracking and education only. It is not investment advice or a recommendation to buy or sell any commodity or derivative. Verify prices with your broker or the exchange before making financial decisions.