#MCX Commodity Trading

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Understanding Commodity Trading: A Beginner’s Guide With MCXPriceWala

At MCXPriceWala, we are dedicated to providing you with the latest insights, analyses, and updates on the commodities market, particularly focusing on the Multi Commodity Exchange (MCX) in India. Our blog is designed to be your go-to resource for understanding market trends, making informed trading decisions, and staying updated with real-time price movements.

Latest Articles:

Understanding MCX Gold: A Comprehensive Guide

Delve into the intricacies of trading gold on the Multi Commodity Exchange. This article covers everything from the basics of MCX gold to advanced trading strategies, helping both beginners and seasoned traders navigate the gold market effectively.

Oil Prices Advance as Investors Reassess US Inventories Data

Stay informed about the latest developments in the oil market. This piece analyzes recent trends, investor sentiments, and the impact of US inventory data on oil prices, providing you with a well-rounded understanding of the current market scenario.

Gold and Silver Price Today: Market Analysis and Predictions

Get daily updates on the fluctuations in gold and silver prices on the MCX. Our experts provide in-depth analysis and predictions to help you make informed investment decisions in the precious metals market.

What is MCX Gold?

A detailed exploration of MCX gold, this article explains its significance, trading mechanisms, and how it differs from other forms of gold investments. Ideal for those looking to broaden their investment portfolio with commodities.

Why Follow Our Blog?

Expert Analysis: Our team of seasoned analysts provides in-depth market analyses, helping you understand complex market dynamics and make informed decisions.

Real-Time Updates: Stay ahead of the market with our real-time price updates and news articles, ensuring you never miss a trading opportunity.

Educational Resources: Whether you're new to commodities trading or an experienced trader, our educational content caters to all levels, enhancing your trading knowledge and skills.

Community Engagement: Join a community of like-minded traders and investors. Engage in discussions, share insights, and learn from the experiences of others in the commodities market.

Stay Connected:

Follow us on social media and subscribe to our newsletter to receive the latest articles, market news, and updates directly in your inbox. At MCXPriceWala, we are committed to being your trusted partner in the commodities market, providing the tools and insights you need to succeed.

Note: The information provided in our blog is for educational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.

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We are the best Upstox Clone app developer in India

Are you looking for Upstox Clone? Then you are at the right place. Omninos is a leading Upstox Clone app development company in India. Upstox is a trading platform provided by RKSV, a discount broker that provides trading services in equity commodities, and currency derivatives on the BSE, NSE, and MCX. It iS based on Omnesys NEST OMS (Order Management System)- Ordering from Upstox is incredibly simple, whether via mobile or web browser.- It is a more efficient and cost-free trading platform. Contact for more information +91 99888 80293

[swastikainvest]

क्या hawkish #monetarypolicy से फिर टूटेगा #gold #silver | Commodity Market Outlook | 20-24 Feb 23

🔛Download our Justrade2.0 app now

📱 Android: https://bit.ly/3RqEaoe

📱 iOS: https://apple.co/3AO1g2c

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How Jignesh Shah Leads: A Pioneer in Today's Financial Markets

Mr. Jignesh Shah, Founder, Chairman Emeritus, and Chief Mentor of 63 Moons Technologies Limited, led the company innovatively, leaving a lasting mark on the Indian financial market infrastructure. His ideas went beyond how markets usually work. 

As a result, he set up world-class trading systems in India and electronic silk and spice routes that crossed countries. This blog talks about Mr. Jignesh Shah's way of leading by looking at his creative ideas, the successful Public-Private Partnership (PPP) plan, and his dedication to being a good citizen.

Leadership with a Vision

Jignesh Shah's leadership style is based on his ability to see the big picture. Mr. Shah saw a future where India could be one of the world's financial powerhouses. This was at a time when the Indian financial market needed help with global integration and building up its own capabilities. Because he was smart, he started 63 Moons Technologies Limited, a business that has been very important in modernizing India's financial markets. His creative leadership was built on his ability to see beyond the obvious and guess what would happen in the future.

One of the most important things he did as a leader was starting the Multi Commodity Exchange of India (MCX) in 2003. MCX, an earlier sister company of NSEL, changed the way goods were traded in India because it was the country's first commodity exchange . The fact that the exchange grew to become the world's sixth-biggest commodity futures exchange by 2009 shows how forward-thinking Mr. Shah is.

Innovative Leader in Today's Financial Markets

Because Mr. Shah was always looking for new ways to do things, people called him the "Innovator of Modern Financial Markets." One of the most impressive things about his leadership is that he came up with a successful Public-Private Partnership (PPP) plan for building world-class financial institutions. 

By encouraging the government and businesses to work together, Jignesh Shah made it easier for modern financial markets that focus on intellectual property to grow. Not only have these markets changed the way exchange trade works in India, but they have also done so in other developing economies in Asia and Africa.

Setting up electronic silk and spice lines as a leader shows how committed he is to integrating the world. These routes have made it easier to trade across countries, from Africa to the Middle East to South-East Asia. 63 Moons Technologies is the only Indian company to have been able to do this. This global view is an important part of Mr. Shah's leadership style and shows that he can think beyond geographical limits.

Promise to Be Socially Responsible

Beyond his work in the financial markets, Mr. Shah is a strong leader who cares deeply about Corporate Social Responsibility (CSR). He really wants to use markets to make social change happen, and he has started a number of programs to help poor areas get more power. "Pragati" with Rotary International and "Gramin Suvidha Kendra" with India Post are two of the most important of these. These programs are meant to help underprivileged groups get education and training, which shows that Mr. Shah believes that markets have the power to change things.

Rotary International named him a "Global Social Entrepreneur," and he was on Forbes' list of the richest Indians until 2010. These honors show that he is focused on both business success and making a positive difference in the world. By doing these things, Mr. Shah has shown that real leadership means doing more than just running a business well. It also means making a difference in the world.

A Boss and Guide

Mr. Shah's leadership is shaped by his job as a mentor and guide at 63 Moons Technologies Limited, where he is the Chief Mentor. He has made the company's culture one of innovation and excellence, which has inspired the next generation of leaders to carry out his mission. His guidance has been very important in creating a lively and forward-thinking work culture, ensuring that the company's history of innovation lives on.

In conclusion

Mr. Jignesh Shah is a leader who thinks big, comes up with new ideas, and cares deeply about doing the right thing for society. His ability to see trends before they happen, build solid public-private relationships, and push for global integration has completely changed the Indian financial market. His many awards and recognition as an innovator show how much of an effect he has had on the industry. In addition, his commitment to CSR projects shows that he believes markets have the power to make the world a better place. As a teacher and mentor, Mr. Shah has made sure that his legacy of innovation and success will continue to inspire people in the years to come.

source:- https://upuge.com/read-blog/33844_how-jignesh-shah-leads-a-pioneer-in-today-039-s-financial-markets.html

[328aryan83]

Jignesh Shah’s Vision: MCX Africa – A Pan-African Commodities Exchange

In May, a transformative agreement led to the creation of MCX Africa, a pioneering pan-African commodities exchange based in Gaborone, Botswana. Spearheading this ambitious initiative is Jignesh Shah, a dynamic billionaire entrepreneur from Mumbai, India, determined to reshape the landscape of commodity trading across Africa.

Read Now:- https://www.africa-confidential.com/article-preview/id/10125/jignesh-shah

[winprofx67]

Online Forex trading in India has grown significantly in recent years, providing retail traders with access to the global currency markets. However, it is important to understand that Forex trading in India is regulated, and there are certain restrictions that apply to retail traders. Below is a comprehensive overview of online Forex trading in India, including the rules, popular platforms, and steps to get started.

Regulations on Forex Trading in India

In India, Forex trading is primarily regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). Retail traders are restricted from trading in the global Forex market directly through foreign brokers. However, they can engage in currency derivatives trading (Forex futures and options) on Indian exchanges like the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX-SX).

Indian traders can also trade in currency futures and options on these exchanges, which are based on major currency pairs like USD/INR, EUR/INR, and GBP/INR.

Types of Forex Trading in India

Currency Futures and Options: These are derivative contracts available on Indian exchanges. Indian traders can trade in currency futures and options on pairs such as USD/INR, EUR/INR, GBP/INR, and JPY/INR.

Currency Futures: These are contracts to buy or sell a particular currency pair at a predetermined price on a specified future date.

Currency Options: These give the trader the right, but not the obligation, to buy or sell a currency pair at a specific price before a certain date.

Spot Forex Trading: While Indian traders cannot trade in the global spot Forex market (directly with international brokers), they can still trade currency pairs with brokers that provide access to Forex derivatives on Indian exchanges.

Top Online Forex Trading Platforms in India

Several Indian Forex brokers provide platforms for trading currency futures and options on the NSE and BSE. Below are some of the most popular online Forex trading platforms in India:

1. Zerodha

Zerodha is one of India's largest discount brokers. Although primarily known for its equity and commodity trading, Zerodha also offers currency derivatives trading. The Kite trading platform is user-friendly, efficient, and cost-effective, making it a great choice for traders who want to access Forex markets along with other assets.

Key Features:

Currency futures and options trading.

Easy-to-use platform with advanced charting tools.

Low brokerage charges and transparent pricing.

Mobile and web-based trading support.

2. Upstox

Upstox provides a robust trading platform called Upstox Pro, which offers fast execution, low brokerage, and access to currency futures and options. It supports multiple asset classes, including Forex, and is ideal for both beginner and experienced traders.

Key Features:

Advanced charting tools and market analysis.

Low-cost Forex trading with real-time data.

Quick execution and mobile trading support.

3. ICICI Direct

ICICI Direct is one of the most established financial institutions in India, offering access to a range of financial products, including Forex trading. ICICI Direct provides currency futures and options on major exchanges like the NSE and BSE. Its platform offers advanced research and analysis tools to help traders make informed decisions.

Key Features:

Currency futures and options trading on NSE/BSE.

Research reports, charts, and live updates.

Safe and secure trading environment with excellent customer support.

4. HDFC Securities

HDFC Securities offers a comprehensive online trading platform that allows retail traders to access Forex derivatives, including currency futures and options. It also provides a range of research and analysis tools to help traders maximize their profits in the Forex market.

Key Features:

Currency derivatives trading with advanced charting tools.

Research reports and technical analysis.

Easy-to-navigate interface with strong security.

5. Kotak Securities

Kotak Securities is a trusted name in the Indian financial market, offering Forex trading services via currency futures and options on NSE/BSE. Kotak provides access to real-time data, market insights, and advanced trading tools, making it ideal for both new and experienced traders.

Key Features:

Currency futures and options trading on NSE/BSE.

Real-time data, research reports, and live charts.

Secure and reliable platform.

6. Angel One (formerly Angel Broking)

Angel One offers currency trading on the Indian exchanges and provides a comprehensive trading platform for Indian traders. Its Angel SpeedPro and mobile app are designed to offer fast execution, real-time updates, and advanced trading tools.

Key Features:

Access to currency futures and options.

Low-cost trading with a variety of charting and analysis tools.

Mobile app support for easy trading.

Steps to Start Online Forex Trading in India

If you want to start Forex trading in India, follow these simple steps:

Choose a Forex Trading Platform: Select a broker that offers Forex trading via currency futures and options on Indian exchanges (NSE, BSE). Popular choices include Zerodha, Upstox, ICICI Direct, and HDFC Securities.

Open a Trading Account: Complete the account opening process with your chosen broker. You will need to provide identification documents, address proof, and financial details. Most brokers offer online account opening, making it a quick and convenient process.

Deposit Funds: Transfer funds to your trading account via bank transfer, UPI, or other available methods. Ensure that you have sufficient capital to start trading.

Download the Trading Platform: Download the broker’s trading platform, whether it’s desktop software or a mobile app, and log in to your account. You can then explore the platform’s features.

Start Trading: Once your account is funded, you can begin trading currency futures and options. Use the platform's research, charts, and tools to analyze the market and make informed decisions.

Monitor and Manage Your Trades: Keep an eye on your trades, track currency price movements, and adjust your strategies accordingly.

Risk Management and Tips for Indian Forex Traders

Understand Leverage: Many Forex brokers offer high leverage, allowing you to trade larger positions with a smaller initial investment. However, leverage can amplify both profits and losses, so it’s important to use it wisely.

Risk Management Tools: Always use stop-loss and take-profit orders to limit potential losses and protect your profits.

Stay Informed: Keep up-to-date with economic events, central bank policies, and other factors that impact currency prices. Following global news and using economic calendars can help you make more informed trading decisions.

Start Small: If you are new to Forex trading, it’s advisable to start with a small amount of capital and gradually increase your exposure as you gain more experience.

Conclusion

Online Forex trading in India is regulated and offers traders the opportunity to trade currency futures and options on Indian exchanges. Popular brokers like Zerodha, Upstox, ICICI Direct, and HDFC Securities provide platforms for retail traders to access the Forex market with low brokerage costs and advanced tools. By following the proper procedures and practicing sound risk management strategies, traders in India can successfully participate in Forex trading and potentially profit from currency market fluctuations.

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[mcxpricewala]

Unlock the Power of Market Insights with MCX Price Wala Blog

Welcome to the MCX Price Wala Blog, your go-to destination for the latest updates, expert analysis, and actionable insights on the Multi Commodity Exchange (MCX) market. Whether you’re a seasoned trader or just stepping into the world of commodities, our blog equips you with the knowledge to make informed trading decisions.

Why Choose MCX Price Wala Blog?

Real-Time MCX Updates Stay ahead with live price updates on commodities like gold, silver, crude oil, and natural gas. Our platform ensures you’re always in sync with market movements.

Expert Market Analysis Access in-depth analyses and forecasts from industry experts. We break down complex data to provide you with clear, actionable insights.

Trading Tips & Strategies Learn the best practices for MCX trading, risk management techniques, and strategies to maximize your profits in the commodity market.

User-Friendly Interface Our blog is designed to provide a seamless experience, ensuring quick access to all the information you need in one place.

Key Features of MCX Price Wala Blog

Comprehensive Commodity Coverage: Get detailed updates on precious metals, energy commodities, and agricultural products.

Daily Price Charts: Analyze trends with our easy-to-read charts and historical data.

News & Events: Stay updated on economic events and global factors impacting MCX markets.

Who Can Benefit from MCX Price Wala Blog?

Traders and Investors: Gain the edge with accurate data and market insights.

Beginners: Learn the basics of commodity trading with our educational resources.

Market Enthusiasts: Explore in-depth articles on market trends and innovations.

Stay Updated with MCX Price Wala Blog

Bookmark MCX Price Wala Blog and never miss an update on the MCX market. Join thousands of readers who rely on us for trusted information to make profitable trading decisions.

Start exploring today and take your trading journey to the next level!

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[ad_1] Base metals, known for their abundant availability and affordability, play a significant role in various industries. Unlike precious metals such as gold and silver, base metals are easier to mine and are traded extensively on exchanges like the London Metal Exchange (LME) and the Multi Commodity Exchange (MCX). Some of the most commonly traded base metals include copper, zinc, aluminium, and lead. These metals are crucial in sectors like manufacturing, infrastructure development, building construction, and equipment production.Factors Influencing Base Metal PricesThe pricing of base metals is influenced by various factors that reflect both global economic conditions and industry-specific dynamics. One critical element is the economic situation in China, which, as the largest consumer and producer of base metals, plays a foundational role in global pricing. The balance between supply and consumer demand is another essential factor that directly impacts metal prices. Increased industrial and manufacturing activities typically lead to a heightened demand for base metals, driving prices upward. Moreover, geopolitical stability in major producing countries affects production levels and can introduce additional volatility in the market. Data on inventory levels at the London Metal Exchange (LME) is also important, as it helps traders assess the market's supply and demand balance. Additionally, fluctuations in the Dollar Index can affect the attractiveness of base metals since they are priced in U.S. dollars. Monetary policies from major central banks influence economic conditions, thereby impacting both the demand for and prices of these metals. Furthermore, economic data print from the USA and China are crucial, as key data releases from these two economies can significantly influence market sentiment and prices. Finally, mine closures and restarts lead to changes in production capacity, which can cause immediate shifts in supply.Current Market Dynamics for Base MetalsPresently, the Dollar Index stands at a multi-week high of around $107, which has diminished the appeal for industrial metals, given that these commodities are dollar-denominated. A sluggish Chinese economy, coupled with the absence of substantial stimulus measures, is constraining base metal prices. Additionally, the possibility of tariffs on China after Donald Trump winning the presidential election have changed the market sentiment towards copper and other metals. Ongoing geopolitical tensions, notably between Russia and Ukraine and in the Middle East, are also likely to keep prices volatile.Trading Base Metals with LME Inventories and Economic IndicatorsTo successfully trade base metals one must consider various economic indicators that impact prices. Key economic data such as the ISM Manufacturing Purchasing Managers' Index (PMI), Durable Goods Orders, GDP data, Construction Spending, Caixin Manufacturing PMI, and Industrial Production are crucial in formulating trading strategies. In this context, we are discussing ISM Manufacturing PMI data for a better understanding of the movement of copper.ISM Manufacturing PMI is a key indicator for base metals and is released once a month during the first week. Traders pay close attention to this data because it serves as a leading indicator of economic health. Businesses often react quickly to market conditions, and purchasing managers provide the most current and relevant insight into their company's economic outlook.Latest Data (November 1, 2024):- Actual: 46.5- Forecast: 47.6- Previous: 47.2Since the actual data fell short of the forecast, the impact on base metals was negative, leading to a correction of over 6% in MCX Copper from its November high. It is important to note that price action and global sentiment must also be supportive of such a significant move.LME Inventories Data: In India, LME Inventories data is updated at 2:30 PM during Standard Time and at 1:30 PM during Daylight Saving Time. The LME numbers are updated for all base metals; we will use copper as an example. LME data indicates the amount of stock available in the warehouse. A significant drop in inventories signals lower supply and may drive prices higher, and vice versa. For example, if inventories have been declining by 10000-15000 tons per day and then decreased by 40000 tons today, traders will likely react quickly to this news, indicating a potential supply deficit in the market that may push prices higher.Base metals offer a great opportunity for traders. They are often underrated in commodities trading. As mentioned earlier, base metals are more commonly available and easier to mine than precious metals. This results in less volatility within the base metals market, making it easier for traders to identify support and resistance levels, as prices usually trade within a narrow range. With the right technical tools and by staying updated on the latest economic news, trading base metals can be more straightforward than trading precious metals or oil.Now that we have a basic understanding of base metals, let's delve into the technical aspects.As previously discussed, various factors and economic data can impact base metal prices. Additionally, there are several technical indicators that can assist in trading these prices. One of the most suitable indicators, based on price action, is the Bollinger Band.Bollinger Bands consist of three lines: the middle line represents the moving average, while the two outer bands indicate price volatility. When prices cross or touch the bands, it signals overbought or oversold conditions, helping traders identify potential reversals or trends. Bollinger Bands are particularly effective for base metals because these markets often trade within predictable ranges influenced by supply and demand factors. The bands help identify overbought or oversold conditions, allowing traders to spot potential reversals or breakouts within volatile yet range-bound price movements.The StrategyIf prices move above the upper Bollinger Band, it indicates an overbought zone. Wait for the next candle to move back inside the band, then take a short position and place a stop-loss order above the previous candle's high. This strategy is most effective on a 4-hour chart. It is advisable to backtest it across all base metal commodities to assess its effectiveness and utility in trading.(The author Deveya Gaglani is Research Analyst- Commodities at Axis Securities. Views are own) [ad_2] Source link

[ezraworld1]

[ad_1] Base metals, known for their abundant availability and affordability, play a significant role in various industries. Unlike precious metals such as gold and silver, base metals are easier to mine and are traded extensively on exchanges like the London Metal Exchange (LME) and the Multi Commodity Exchange (MCX). Some of the most commonly traded base metals include copper, zinc, aluminium, and lead. These metals are crucial in sectors like manufacturing, infrastructure development, building construction, and equipment production.Factors Influencing Base Metal PricesThe pricing of base metals is influenced by various factors that reflect both global economic conditions and industry-specific dynamics. One critical element is the economic situation in China, which, as the largest consumer and producer of base metals, plays a foundational role in global pricing. The balance between supply and consumer demand is another essential factor that directly impacts metal prices. Increased industrial and manufacturing activities typically lead to a heightened demand for base metals, driving prices upward. Moreover, geopolitical stability in major producing countries affects production levels and can introduce additional volatility in the market. Data on inventory levels at the London Metal Exchange (LME) is also important, as it helps traders assess the market's supply and demand balance. Additionally, fluctuations in the Dollar Index can affect the attractiveness of base metals since they are priced in U.S. dollars. Monetary policies from major central banks influence economic conditions, thereby impacting both the demand for and prices of these metals. Furthermore, economic data print from the USA and China are crucial, as key data releases from these two economies can significantly influence market sentiment and prices. Finally, mine closures and restarts lead to changes in production capacity, which can cause immediate shifts in supply.Current Market Dynamics for Base MetalsPresently, the Dollar Index stands at a multi-week high of around $107, which has diminished the appeal for industrial metals, given that these commodities are dollar-denominated. A sluggish Chinese economy, coupled with the absence of substantial stimulus measures, is constraining base metal prices. Additionally, the possibility of tariffs on China after Donald Trump winning the presidential election have changed the market sentiment towards copper and other metals. Ongoing geopolitical tensions, notably between Russia and Ukraine and in the Middle East, are also likely to keep prices volatile.Trading Base Metals with LME Inventories and Economic IndicatorsTo successfully trade base metals one must consider various economic indicators that impact prices. Key economic data such as the ISM Manufacturing Purchasing Managers' Index (PMI), Durable Goods Orders, GDP data, Construction Spending, Caixin Manufacturing PMI, and Industrial Production are crucial in formulating trading strategies. In this context, we are discussing ISM Manufacturing PMI data for a better understanding of the movement of copper.ISM Manufacturing PMI is a key indicator for base metals and is released once a month during the first week. Traders pay close attention to this data because it serves as a leading indicator of economic health. Businesses often react quickly to market conditions, and purchasing managers provide the most current and relevant insight into their company's economic outlook.Latest Data (November 1, 2024):- Actual: 46.5- Forecast: 47.6- Previous: 47.2Since the actual data fell short of the forecast, the impact on base metals was negative, leading to a correction of over 6% in MCX Copper from its November high. It is important to note that price action and global sentiment must also be supportive of such a significant move.LME Inventories Data: In India, LME Inventories data is updated at 2:30 PM during Standard Time and at 1:30 PM during Daylight Saving Time. The LME numbers are updated for all base metals; we will use copper as an example. LME data indicates the amount of stock available in the warehouse. A significant drop in inventories signals lower supply and may drive prices higher, and vice versa. For example, if inventories have been declining by 10000-15000 tons per day and then decreased by 40000 tons today, traders will likely react quickly to this news, indicating a potential supply deficit in the market that may push prices higher.Base metals offer a great opportunity for traders. They are often underrated in commodities trading. As mentioned earlier, base metals are more commonly available and easier to mine than precious metals. This results in less volatility within the base metals market, making it easier for traders to identify support and resistance levels, as prices usually trade within a narrow range. With the right technical tools and by staying updated on the latest economic news, trading base metals can be more straightforward than trading precious metals or oil.Now that we have a basic understanding of base metals, let's delve into the technical aspects.As previously discussed, various factors and economic data can impact base metal prices. Additionally, there are several technical indicators that can assist in trading these prices. One of the most suitable indicators, based on price action, is the Bollinger Band.Bollinger Bands consist of three lines: the middle line represents the moving average, while the two outer bands indicate price volatility. When prices cross or touch the bands, it signals overbought or oversold conditions, helping traders identify potential reversals or trends. Bollinger Bands are particularly effective for base metals because these markets often trade within predictable ranges influenced by supply and demand factors. The bands help identify overbought or oversold conditions, allowing traders to spot potential reversals or breakouts within volatile yet range-bound price movements.The StrategyIf prices move above the upper Bollinger Band, it indicates an overbought zone. Wait for the next candle to move back inside the band, then take a short position and place a stop-loss order above the previous candle's high. This strategy is most effective on a 4-hour chart. It is advisable to backtest it across all base metal commodities to assess its effectiveness and utility in trading.(The author Deveya Gaglani is Research Analyst- Commodities at Axis Securities. Views are own) [ad_2] Source link

[businessviewpointmag]

Gold and Silver Prices See Fluctuations Amid Changing Market Dynamics

Gold and Silver Prices Show Regional Variation

Gold prices remained stable across India on Tuesday, with slight regional differences in pricing. The cost of 24-carat gold settled at ₹7,893.3 per gram, while 22-carat gold was priced at ₹7,237.3 per gram. Over the past week, 24-carat gold prices rose by 1.24%, although prices experienced a 2.14% decrease over the last month. Silver traded at ₹96,100 per kg on the national level. Notable regional prices for gold were recorded in Delhi at ₹78,933 per 10 grams, Chennai at ₹78,781, Mumbai at ₹78,787, and Kolkata at ₹78,785 per 10 grams. Silver prices also showed some variation, with rates in Delhi at ₹96,100 per kg, Chennai at ₹104,700, Mumbai at ₹95,400, and Kolkata at ₹96,900.

Daily and Weekly Price Movements for Gold and Silver

In Delhi, gold experienced a slight drop from ₹79,533 on Monday to ₹78,933 on Tuesday, and a more significant decline from last week’s price of ₹80,523. Similarly, silver prices in Delhi saw a decline from ₹97,100 on Monday and from ₹99,100 the previous week to the current rate of ₹96,100. Chennai saw gold prices dip from ₹79,381 on Monday to ₹78,781 on Tuesday, with a weekly decline from ₹80,371. Silver prices in the city also fell from ₹105,700 on Monday and ₹107,700 last week to ₹104,700. Mumbai’s gold price followed a similar trend, dropping from ₹79,387 on Monday to ₹78,787 on Tuesday and down from ₹80,377 last week. In Kolkata, the Tuesday price for gold was ₹78,785 per 10 grams, compared to ₹79,385 on Monday and ₹80,375 last week, with silver prices similarly declining from ₹97,900 on Monday and ₹99,900 the prior week to ₹96,900.

Market Factors Influencing Gold and Silver Prices

On the Multi Commodity Exchange (MCX), February 2025 gold futures traded at ₹76,025 per 10 grams, reflecting a slight decrease of 0.021% at the time of publication. In contrast, silver May 2025 futures saw a modest uptick of 0.14%, trading at ₹93,276 per kg. Fluctuations in gold and silver prices are attributed to a range of factors including shifts in international demand, currency value changes, interest rates, and domestic government policies. Market experts and jewelers indicate that factors like the global economic climate, changes in the US dollar value, and international events play crucial roles in the Indian precious metals market. The interplay of these elements continues to influence price movements, making gold and silver prices dynamic and subject to change based on evolving global and local conditions.

[comxprotrading]

Mcx: Understand Growth And Stability In Commodity Trading

The Multi Commodity Exchange of India plays a crucial role in the trading ecosystem. It is revolutionizing how commodities are actually traded. Don’t you know when it was established? In 2003, it provided a robust platform for trading commodity derivatives. They offer participants the tools to hedge and manage the risks in an effective way. With its advanced infrastructure and transparent operations, it becomes a cornerstone in the economy of India.

For More Information Visit Our Website: https://blogool.com/article/mcx-understand-growth-and-stability-in-commodity-trading

[328aryan83]

Jignesh Shah’s Legacy: Transforming India's Financial Markets

Despite challenges, Jignesh Shah's visionary leadership revolutionized India's financial ecosystem. As the founder of MCX, he democratized commodities trading and introduced cutting-edge trading platforms, fostering transparency and accessibility. His innovative contributions have left a lasting impact on India's financial markets, inspiring advancements in financial technology and market infrastructure.

Watch Now:- https://www.youtube.com/watch?v=Jp9MrXvt-o8

[dailynews21]

Mr. Jignesh Shah is the Founder, Chairman Emeritus, and Chief Mentor of 63 moons technologies limited.

Jignesh Shah is the Founder, Chairman Emeritus, and Chief Mentor of 63 Moons Technologies Limited. Over the years, he has been hailed as a change agent in the Indian financial sector. His far-reaching vision, which has transformed India's market infrastructure by connecting rural and urban areas, has propelled Indian finance toward global integration and capacity building. When India's financial market infrastructure required a leap, Shah's foresight took it beyond conventional boundaries. He is known for creating "electronic silk and spice routes" connecting regions from Africa to the Middle East and Southeast Asia, making his company the only Indian entity to establish such a global network. That vision sealed Shah's reputation as the "Innovator of Modern Financial Markets," especially because of the construction of a successfully replicable PPP model. His approach introduced modern, IP-centric financial markets that have gone on to influence exchange trading not only in India but also across emerging economies in Africa and Asia. One of the critical happenings in Shah's career was the formation of MCX in 2003. MCX, being India's first-ever commodity exchange, soon became the world's 6th largest commodity futures exchange for the year 2009, according to the reports by Futures Industry Association. With MCX gaining massive popularity amongst Indian investors, this attracted a number of governments and organizations to partner with 63 Moons Technologies to create more such commodity exchanges across the globe. Shah's contributions have been recognized globally. He was termed one of the "Top 30 Global Innovators in e-finance" by Institutional Investor in 2008 and identified as "Dominant Financial & Futures Industry Leader" by the Futures Industry Association as early as 2008. He has collected clutches of awards including the Indian Express Innovation Award handed by late President A.P.J. Abdul Kalam, the Ernst & Young Entrepreneur of the Year- Business Transformation and even figured in Forbes's list of India's richest till 2010. He was identified by CLSA as one of the "Top 20 Indians" who would decide the shape of global business and inducted into their Hall of Fame. Shah, too, has signed up for CSR. His interventions like Gramin Suvidha Kendra with India Post and Pragati with Rotary International aim at empowering the underprivileged sections of society through education and training. His vision of finance has only to do with social responsibility. The case of Jignesh Shah illustrates the power of innovation and technology inculcated with the sense of social good, acting almost as a predictor of his position as one of the most important visionaries responsible for shaping India's modern financial markets. His legacy inspires a generation of innovators and entrepreneurs in the fintech space.

[ajmeraxchange1]

Discover What a Commodity Exchange Is and How the Stock and Commodity Market Operates

A commodity exchange is a regulated marketplace where various commodities such as metals, agricultural products, energy, and other raw materials are bought and sold. These exchanges provide a platform for traders to invest in commodities by buying contracts that represent these physical goods. Commodities are often seen as a way to diversify a portfolio, offering a hedge against inflation and market volatility.

In India, major commodity exchanges like the Multi Commodity Exchange (MCX) and the National Commodity & Derivatives Exchange (NCDEX) facilitate trading in commodities. These exchanges play a crucial role in connecting buyers and sellers, ensuring transparency, fair pricing, and an organized method of trading.

How the Stock and Commodity Market Operates

The stock market and commodity market operate similarly in terms of trading mechanisms, but they differ in the nature of assets being traded. While the stock market deals with equity shares, the commodity market focuses on raw materials or primary products. In both markets, prices are driven by supply and demand dynamics.

To know more visit https://www.ajmeraxchange.co.in/services/commoditybroking 

[recentlyheardcom]

Commodity Trading – Advantages & Disadvantages

Author Awadesh Chawda Published December 31, 2011 Word count 394 Commodity futures markets allow commercial producers and commercial consumers to offset the risk of adverse future price movements in the commodities which include mcx gold tips, silver tips and that they are selling or buying. Advantages of commodity trading Leverage: Commodity futures operate on margin, meaning that to take a…

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Jignesh Shah: Pioneer of Modern Financial Markets

Mr. Jignesh Shah serves as the CEO, Founder, Chairman Emeritus, and Chief Mentor of 63 Moons Technologies. He founded Financial Technologies, a global leader in developing and operating technology-driven financial exchanges for various asset classes, including stocks, commodities, currencies, and bonds. Often referred to as the "Innovator of Modern Financial Markets," Mr. Shah established a successful Public Private Partnership (PPP) model that has transformed exchange trading in India and emerging economies across Africa and Asia.

Under his guidance, the FTIL Group launched the Multi Commodity Exchange (MCX) in 2003, which has become one of the world's largest commodity futures exchanges, according to the Futures Industry Association (FIA). MCX's success has encouraged numerous countries and government entities to collaborate with FTIL in promoting global exchanges. His contributions earned him recognition as one of the "Top 30 Global Innovators in e-finance" by Institutional Investor in 2008, and he was highlighted as a leading innovator in the FIA’s Futures Industry Magazine in November-December 2008.