#MCX gold futures

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Gold Rate Today: 22 Carat and 24 Carat Prices Inch Higher

On Friday, MCX Gold futures for June expiry showed a 1.26 percent increase, reaching Rs 71,540 per 10 grams.

MCX Gold futures for June expiry continued their upward trend, rising by 1.26 percent or Rs 904 to Rs 72,543 per 10 grams on Friday, May 10. Meanwhile, MCX Silver futures for July expiry also saw a 1.23 percent increase to 85,540.00 per kg. This surge in gold prices was fueled by speculators establishing fresh positions due to a robust spot demand.

According to PTI, the increase in gold prices was driven by the creation of new positions by market participants.

As reported by GoodReturns, the price of gold saw a slight decrease, with 22 karat gold priced at Rs 6,700 per gram and 24 karat gold (also known as 999 gold) at Rs 7,309 per gram.

Here’s a snapshot of gold prices in major cities:

New Delhi: Rs 6,715 per gram for 22 karat gold and Rs 7,324 per gram for 24 karat gold.

Mumbai: Rs 6,700 per gram for 22 karat gold and Rs 7,309 per gram for 24 karat gold.

Chennai: Rs 6,705 per gram for 22 karat gold and Rs 7,315 per gram for 24 karat gold.

Ahmedabad: Rs 6,705 per gram for 22 karat gold and Rs 7,314 per gram for 24 karat gold.

Gold prices recorded a 1 percent increase on Friday, indicating potential gains for the week, driven by optimistic sentiments surrounding US economic data that suggest a possible interest rate cut from the Federal Reserve.

Spot gold climbed 1 percent to $2,369.35 per ounce by 0708 GMT, marking its highest level in over two weeks. This week alone, prices have surged by 3 percent.

US gold futures also saw a 1.5 percent rise, reaching $2,375.60.

[study-buddies]

Gold Price Today Inches Higher: Here's the Latest Update

Gold prices are on the move again, with MCX Gold futures for June expiry inching 0.15 per cent higher to reach 71,261.00 for 10 grams. Meanwhile, MCX Silver futures for July expiry also saw a slight increase, inching up by 0.39 per cent to 82,632.00.

According to GoodReturns, the price of gold saw a modest rise of Rs 30, standing at Rs 6,635 per gram for 22 karat gold and Rs 7,238 per gram for 24 karat gold (also known as 999 gold).

Here’s a look at the gold prices in key cities:

New Delhi: Gold price in Delhi today is Rs 6,650 per gram for 22 karat gold and Rs 7,253 per gram for 24 karat gold (also known as 999 gold).

Mumbai: Gold price in Mumbai today is Rs 6,635 per gram for 22 karat gold and Rs 7,238 per gram for 24 karat gold (also known as 999 gold).

Chennai: Gold price in Chennai today is Rs 6,640 per gram for 22 karat gold and Rs 7,243 per gram for 24 karat gold (also known as 999 gold).

Ahmedabad: Gold price in Ahmedabad today is Rs 6,640 per gram for 22 karat gold and Rs 7,243 per gram for 24 karat gold (also known as 999 gold).

Spot Gold

Gold prices are holding steady, supported by safe-haven demand for bullion amidst uncertainty surrounding the Gaza ceasefire.

Spot gold remained steady at $2,320.69 per ounce after a more than 1 per cent increase in the previous session. US gold futures were flat at $2,328.40.

“Gold has been slowly building a base for the past week, showing demand around $2,280. The Fed continues to make noise about the next move likely to be lower, and that’s certainly helped shake a few bears out at these lows,” said City Index senior analyst Matt Simpson, as reported by Reuters.

Stay tuned for further updates on gold prices and market trends.

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Gold trading Strategy: Avoid large short positions; check key levels here

Gold(Photo: Shutterstock) 3 min read Last Updated : Oct 11 2024 | 8:27 AM IST Gold – Up on disappointing US job data with geopolitics in focus Performance Click here to connect with us on WhatsApp Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.   Gold rose after…

[intensifyre]

Gold price today: Yellow metal rises as dollar sees profit booking; experts share key levels for MCX Gold rate

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[odnewsin]

Gold prices set to fall further after Donald Trump’s win

New Delhi: Gold prices continue to fall after the US presidential election and Thursday, the December future contracts of gold on MCX opened with a decline of 0.37 per cent at Rs 76,369 per 10 grams, while silver December future contracts were trading 0.24 per cent low at Rs 90,601 per kg. After the US elections, in the last two days, gold prices have fallen by Rs 2,100 per 10 grams and silver…

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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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Gold prices today rise after 3-day fall but still down ₹5000 from recent highs | Mint - Mint

Gold and silver prices in India today edged up amid a selloff in global equities. On MCX, October gold futures rose 0.3% to ₹50,911 per 10 gram while silver futures advanced 0.23% to ₹67,080 per kg. Gold prices had fallen for three days in a row, prior to today. In the previous session, gold futures had declined 0.12% per 10 gram while silver had plunged about 2% or ₹1,300 per kg. Gold prices in…

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Commodities are everyday goods like metals, energy, and agricultural products. Commodity trading involves buying or selling these goods, or financial instruments based on them, to profit from price fluctuations.

While the stock market often dominates headlines, commodity trading in India has grown significantly in recent years. Here's a breakdown of the essentials:

Options Trading: This popular method uses call and put options to capitalize on price movements. Options offer flexibility and potentially high returns, but losses are capped at the option's price.

Market Categories: The commodity market is divided into four main categories: metals (gold, silver, etc.), energy (oil, gas), livestock and meat, and agricultural products (corn, wheat, rice, etc.).

Trading Platforms: Before you invest, knowing the major exchanges is crucial. These include MCX (the largest), NCDEX, NMCE, ICEX, ACE, and UCX. MCX brokers act as intermediaries between traders and the exchange.

Benefits of Investing: Consider commodity trading to:

Diversify your portfolio.

Hedge against inflation, as commodities can retain value.

Trade on lower margins for potentially higher profits.

Mitigate risks from natural disasters, wars, and economic crises.

Trading Methods: Use future contracts to buy or sell a commodity at a predetermined price in the future. This is a common way to start trading in India. Additionally, some investors use Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) to participate in commodity price movements.

This basic overview equips you to understand the core concepts of commodity trading in India. Feel free to share any further suggestions for aspiring commodity traders in the comments below!

[tradings-investments]

Golden Opportunities: A Closer Look at Commodity Trading in India 

In the dynamic landscape of India's financial markets, one sector that has been gaining significant attention is commodity trading. The realm of commodities, ranging from precious metals like gold and silver to agricultural products like wheat and soybeans, presents a multitude of opportunities for investors. As we delve into the intricacies of commodity trading in India, it becomes evident that beneath the surface lies a golden opportunity for those who understand the nuances of this market. 

Understanding the Basics 

Commodity trading involves the buying and selling of physical goods in the form of contracts. These contracts, often standardized, represent a certain quantity and quality of a commodity. In India, major commodity exchanges such as the Multi Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange (NCDEX) facilitate the trading of a wide array of commodities. From bullion and base metals to energy and agri-commodities, the market is diverse, catering to various investor preferences. 

The Role of Agriculture in Commodity Trading 

Agricultural commodities hold a special place in India's commodity market. Given the country's agrarian economy, products like wheat, rice, and pulses are not just essential for sustenance but also significant in the commodity trading domain. Farmers, traders, and investors alike engage in futures contracts to hedge against price volatility, thereby mitigating risks associated with agricultural production. The intricacies of weather patterns, government policies, and global demand contribute to the dynamic nature of agricultural commodity trading. 

Precious Metals: A Shining Star 

When it comes to commodities, the allure of precious metals is undeniable. Gold, in particular, holds cultural and financial significance in India. Traditionally considered a safe-haven asset, gold often witnesses heightened demand during times of economic uncertainty. The commodity market allows investors to participate in the gold trade without physically owning the metal. This flexibility, combined with the potential for significant returns, makes precious metals an attractive option for those navigating the complexities of commodity trading. 

Energy Commodities and Their Impact 

Energy commodities, including crude oil and natural gas, play a pivotal role in shaping the global economy. India, being a major consumer of energy, closely monitors the fluctuations in these markets. Commodity trading in energy allows businesses to hedge against the volatility in fuel prices, ensuring stability in their operations. For investors, this presents an opportunity to capitalize on the ever-changing dynamics of the energy sector, influenced by geopolitical events, supply and demand factors, and global economic conditions. 

The Risks and Rewards 

While commodity trading offers lucrative opportunities, it is not without its challenges. Price volatility, geopolitical uncertainties, and regulatory changes can impact the market significantly. Successful commodity trading requires a deep understanding of market trends, risk management strategies, and continuous monitoring of global factors influencing commodity prices. Traders must be prepared to navigate the inherent risks to unlock the golden rewards that commodity markets can offer. 

Government Initiatives and Policies 

The Indian government plays a crucial role in shaping the landscape of commodity trading. Various initiatives and policies aim to enhance transparency, protect the interests of market participants, and foster the growth of the commodity market. Understanding the regulatory environment is essential for traders and investors to make informed decisions and navigate the market with confidence. 

Technological Advancements in Commodity Trading 

In recent years, technological advancements have transformed the landscape of commodity trading. Online platforms, mobile applications, and algorithmic trading have made it easier for investors to participate in the market. Real-time data, analytical tools, and automated trading systems empower traders to make informed decisions and execute trades swiftly. This integration of technology has not only increased efficiency but has also attracted a new wave of tech-savvy investors to the world of commodity trading. 

Conclusion: Seizing the Golden Opportunities 

Commodity trading in India is a realm of vast potential, offering a diverse range of opportunities across various sectors. From agriculture to precious metals and energy, each commodity brings its own set of challenges and rewards. As India continues to evolve as a global economic player, the commodity market is likely to play an increasingly significant role in shaping the country's financial landscape. 

For those willing to delve into the complexities of commodity trading, the golden opportunities are abundant. However, success in this domain requires a combination of market understanding, risk management, and the ability to adapt to the ever-changing global landscape. As we navigate the intricate world of commodities, it becomes clear that the golden opportunities are not just in the commodities themselves but in the knowledge and strategic insights that savvy investors bring to the table. As the Indian commodity market continues to shine, it beckons those with a keen eye and a strategic mindset to seize the golden opportunities it presents.

[blogynews]

"The Mysterious Dance of Precious Metals: Why Did Gold Prices Take a Dive While Silver Holds Steady? Uncover the Latest Rates in Mumbai, Delhi, Chennai, and Kolkata!"

Gold prices experienced a decline on the MCX on September 28, while silver prices remained relatively stable. At 10:42 am, gold futures were at Rs 58,175 per 10 grams, showing a decrease of Rs 108. On the other hand, silver futures expiring in December stood at Rs 71,565 per kilogram, reflecting a gain of Rs 16. According to GoodReturns, the price of 22-carat gold and silver in the morning of…

[blogynewz]

"The Mysterious Dance of Precious Metals: Why Did Gold Prices Take a Dive While Silver Holds Steady? Uncover the Latest Rates in Mumbai, Delhi, Chennai, and Kolkata!"

Gold prices experienced a decline on the MCX on September 28, while silver prices remained relatively stable. At 10:42 am, gold futures were at Rs 58,175 per 10 grams, showing a decrease of Rs 108. On the other hand, silver futures expiring in December stood at Rs 71,565 per kilogram, reflecting a gain of Rs 16. According to GoodReturns, the price of 22-carat gold and silver in the morning of…

[blogynewsz]

"The Mysterious Dance of Precious Metals: Why Did Gold Prices Take a Dive While Silver Holds Steady? Uncover the Latest Rates in Mumbai, Delhi, Chennai, and Kolkata!"

Gold prices experienced a decline on the MCX on September 28, while silver prices remained relatively stable. At 10:42 am, gold futures were at Rs 58,175 per 10 grams, showing a decrease of Rs 108. On the other hand, silver futures expiring in December stood at Rs 71,565 per kilogram, reflecting a gain of Rs 16. According to GoodReturns, the price of 22-carat gold and silver in the morning of…

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Gold Prices Drop: New Rates for 10 Grams of Gold from Delhi to Mumbai

In today's business session, there has been a decline in spot prices of gold and silver. The price of 24-carat gold in Delhi is ₹59,880 per 10 grams, while 22-carat gold is priced at ₹54,900. There has been a reduction in gold and silver prices in the futures market as well.

Tuesday saw a significant drop in gold and silver prices. The rate for 24-carat gold is now ₹59,730 per 10 grams, down by ₹220. Similarly, the rate for 22-carat gold has decreased to ₹54,750, a reduction of ₹200. The price of silver has also decreased to ₹74,800 per kilogram, down by ₹1000. Gold Prices in Delhi, Mumbai, Chennai, and Kolkata: - Delhi: 24 Carat - ₹59,880, 22 Carat - ₹54,900 - Mumbai: 24 Carat - ₹59,730, 22 Carat - ₹54,750 - Chennai: 24 Carat - ₹60,050, 22 Carat - ₹55,050 - Kolkata: 24 Carat - ₹59,730, 22 Carat - ₹54,750 Reductions in Gold and Silver Rates in the Futures Market: In the futures market, there has been a decrease in the rates of gold and silver. The rate for 24-carat gold has seen a reduction of ₹113, resulting in it being traded at ₹58,588 per 10 grams on MCX. A total of 5,008 lots of gold have been traded. Analysts attribute this decline to a decrease in positions held in gold. Silver Contracts for December have seen a decrease of ₹435, trading at ₹71,715. On MCX, silver has seen a trade of 18,418 lots. International Gold and Silver Rates: Internationally, there has been a decline in the prices of gold and silver. Gold has dropped by 0.35% to trade at $1,929.80 per ounce, while silver has decreased by 1.18% to trade at $23.11 per ounce. Read the full article

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MCX Live vs. Stock Market: A Comparative Analysis

In today's fast-paced world, investing in financial markets has become increasingly popular. With numerous options available, investors often find themselves torn between various marketplaces. Two prominent choices are MCX Live and the stock market. In this article, we will conduct a comparative analysis of MCX Live and the stock market to help you make an informed decision.

Background information on MCX Live and the stock market

Before diving into the comparison, let's briefly understand MCX Live and the stock market. MCX Live refers to the Multi Commodity Exchange of India, which is the country's leading commodity exchange. It facilitates trading in various commodities such as gold, silver, crude oil, natural gas, and agricultural products. On the other hand, the stock market is a marketplace where shares of publicly traded companies are bought and sold.

MCX Live: An Overview

MCX Live provides a platform for trading commodities, enabling investors to participate in price movements of essential goods. It offers real-time data and live market rates, providing traders with up-to-date information for making informed decisions. Key features of MCX Live include futures contracts, options trading, and a transparent trading environment.

Advantages of MCX Live include:

Diversification: MCX Live allows investors to diversify their portfolios by including commodities in addition to traditional financial assets.

Hedging: Traders can use MCX Live to hedge against price volatility in commodities, providing a means of managing risk.

High liquidity: MCX Live is known for its high liquidity, ensuring ease of entry and exit for traders.

Limitations of MCX Live:

Volatility: Commodity prices are highly susceptible to fluctuations based on global supply and demand factors, making MCX Live a volatile marketplace.

Limited trading hours: MCX Live has specific trading hours, which may not be ideal for investors seeking round-the-clock trading opportunities.

Stock Market: An Overview

The stock market represents a platform for trading shares of publicly listed companies. It provides investors with the opportunity to participate in the growth and profitability of businesses. Key features of the stock market include stock exchanges, brokerage firms, and regulatory bodies ensuring fair trading practices.

Advantages of the stock market include:

Ownership of companies: By investing in stocks, individuals can become partial owners of companies, sharing in their success and profitability.

Dividend income: Many stocks provide regular dividend payments, offering investors an additional income stream.

Market stability: The stock market, though not immune to fluctuations, tends to exhibit relatively stable trends compared to commodity markets.

Limitations of the stock market:

Market volatility: While the stock market is relatively stable, it is still subject to price fluctuations influenced by economic conditions and company-specific factors.

Insider trading risks: Stock markets are vulnerable to insider trading, where individuals with privileged information may exploit it for personal gain.

Comparative Analysis: MCX Live vs. Stock Market

Market Structure:

MCX Live operates as a commodity exchange, whereas the stock market consists of multiple exchanges facilitating the trading of equities. The stock market typically has a more extensive network of exchanges and a larger participant base.

Differences in Organizational Structure:

MCX Live is governed by the Multi Commodity Exchange of India Limited, while the stock market is regulated by various exchanges such as the New York Stock Exchange (NYSE) or the National Stock Exchange (NSE). The stock market also has regulatory bodies like the Securities and Exchange Commission (SEC) overseeing its operations.

Types of Participants and Their Roles:

In MCX Live, participants include traders, hedgers, speculators, and arbitrageurs. In the stock market, participants range from individual retail investors to institutional investors, including mutual funds and pension funds.

Trading Mechanisms and Regulations:

MCX Live primarily operates through futures contracts and options trading, allowing investors to speculate on the future prices of commodities. The stock market facilitates buying and selling of shares through various order types, such as market orders and limit orders. Both markets are subject to regulations to ensure fair trading practices.

Trading Instruments:

MCX Live deals with commodities, including metals, energy, and agricultural products. In contrast, the stock market focuses on equity instruments, representing ownership in publicly traded companies.

Factors Influencing Market Trends and Behavior:

Commodity markets, including MCX Live, are influenced by factors such as global demand, supply shocks, geopolitical events, and weather conditions. The stock market, on the other hand, is affected by company earnings, economic indicators, investor sentiment, and regulatory changes.

Analysis of Liquidity and Trading Volumes:

The stock market generally experiences higher liquidity and trading volumes compared to MCX Live. This is due to the broader investor base and the inclusion of institutional investors in the stock market.

Market Access and Technology:

Both MCX Live and the stock market have embraced technology to enhance market access. Online trading platforms and mobile applications provide convenient access to both markets, enabling investors to trade from anywhere at any time.

Implications 

Based on the comparative analysis, we can draw several key findings. MCX Live offers diversification opportunities, high liquidity, and a transparent trading environment. However, it is subject to greater volatility and limited trading hours. The stock market provides ownership in companies, dividend income, and relatively stable trends. Nevertheless, it carries the risk of market volatility and insider trading.

Investors and traders should consider their investment objectives, risk tolerance, and time availability when choosing between MCX Live and the stock market. Diversifying across both markets can also be a viable strategy to balance risk and potential returns.

 MCX Live and the stock market are distinct marketplaces with unique features and functionalities. Understanding their differences and considering individual preferences and goals are essential for making informed investment decisions.

Recommendations for Decision-Making:

Conduct thorough research: Understand the functioning, risks, and opportunities of both MCX Live and the stock market before making any investment decisions.

Consider your investment objectives: Align your investment choices with your financial goals, risk tolerance, and time horizon.

Seek professional advice: Consult with financial advisors or experts who can provide tailored guidance based on your individual circumstances.

Summary of the Comparative Analysis:

MCX Live and the stock market differ in terms of market structure, organizational regulations, participants, trading mechanisms, and instruments. Factors influencing market trends and liquidity also vary between the two markets. It is crucial to carefully evaluate these differences and their implications when making investment decisions.

Conclusion:

MCX Live and the stock market provide distinct investment avenues, each with its advantages and limitations. Investors should consider their objectives, risk appetite, and preferences to determine which market aligns better with their financial goals. Both markets offer potential opportunities for wealth creation, and a diversified portfolio across different asset classes can help mitigate risks and maximize returns. Ultimately, a well-informed and strategic approach to investing is key to success in either MCX Live or the stock market.