Live MCX Prices
| Symbol | Last | Change | % | High | Low |
|---|---|---|---|---|---|
| MCX GOLD | 76,503.00 | +469.00 | +0.62% | 76,647.00 | 76,119.00 |
| MCX GOLD MINI | 76,480.00 | +472.00 | +0.62% | 76,612.00 | 76,051.00 |
| MCX SILVER | 90,334.00 | +245.00 | +0.27% | 90,927.00 | 90,235.00 |
| MCX SILVER MINI | 90,019.00 | +229.00 | +0.26% | 90,600.00 | 89,850.00 |
| MCX SILVER MICRO | 90,065.00 | +250.00 | +0.28% | 90,599.00 | 89,851.00 |
| MCX SILVER MICRO | 5,894.00 | +59.00 | +1.01% | 5,908.00 | 5,834.00 |
| MCX NATURAL GAS | 297.40 | +12.20 | +4.28% | 298.60 | 287.00 |
| MCX COPPER | 817.65 | -0.15 | -0.02% | 824.85 | 816.05 |
| MCX ALUMINIUM | 244.05 | -0.20 | -0.08% | 245.30 | 243.30 |
| MCX ALUMINIUM | 179.90 | -1.75 | -0.96% | 182.15 | 179.80 |
| MCX ZINC | 277.30 | -2.30 | -0.82% | 280.55 | 276.90 |
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Disclaimer – Live prices displayed here are for informational purposes only. We cannot guarantee accuracy. Please do your own research before making any financial decisions.
MCX Live Prices: Revolutionizing India's Commodities Market with Real-Time Quotes and Reliable Trading
An independent mutual exchange is the Multi Commodity Exchange of India Limited. The Indian government has acknowledged exchanges for their contribution in supporting digital trading, clearance, and settlement activities for the nation’s commodity futures industry.
The Multi Commodity Exchange (MCX) plays an important role in the commodities market, it provides a legal platform for trading several commodities such as energy, metals, and agricultural products.
To begin with, MCX offers an effective and reliable marketplace where sellers and buyers can perform trading in consistent contracts, also by making sure the fair and reasonable cost and liquidity. It assists in lowering counterparty risks and makes possible or easier limitations against cost fluctuations.
Secondly, MCX holds an essential role in price and cost discovery, showing the demand dynamics and supply of commodities both worldwide and domestically. The clear cost supports consumers, producers, and investors in making informed choices.
MCX also provides for the development and growth of the commodities market by launching creative products, risk management tools, and trading mechanisms. It boosts market efficiency and raises huge participation, enlightening investors and individuals to financial institutions.
The purpose of the MCX Live Price page is to offer multiple important benefits for participants and users in the commodities market. Mainly, it offers real-time and original updates on the costs of several commodities traded and operated on the Multi Commodity Exchange (MCX).
This data is extremely useful for investors, traders, and additional stakeholders who desire to be informed and updated regarding cost movements to make important and timely decisions.
The other purpose of the MCX live page is that it provides price and cost data to users, by also offering the ability to track price trends throughout other periods. The historical context is important for examining price patterns, making informed predictions, and analyzing market trends.
What is MCX?
MCX is also known as the Multi Commodity Exchange of India, it is mainly an online platform where individuals trade and exchange commodities. Commodities are things such as crude oil, natural gas, silver, gold, and many things or stuff citizens use in their day-to-day lives. MCX helps traders in buying and selling these stuffs which are called commodities.
It is similar to a huge marketplace, but other than buying groceries or vegetables, people are buying silver, gold, oil, etc it is a trade between several commodities. Citizens trade on MCX for several other reasons, most of them use it to earn money by buying at a lower price and selling at a higher price.
An essential component of the commodities market is the Multi Commodity Exchange (MCX), which offers an accurate trading space for a variety of commodities, including energy, metals, and agricultural goods.
Joining MCX provides a reliable and efficient platform for traders to conduct consistent transactions while ensuring reasonable and recoverable costs and liquidity. It helps to reduce the risks associated with counterparties and facilitates or makes possible restrictions against price fluctuations.
By displaying the dynamics of global and domestic commodity demand and supply, MCX plays a critical role in pricing and cost discovery. The transparent cost helps investors, manufacturers, and consumers make wise decisions.
MCX also contributes to the expansion and development of the commodities market by introducing innovative goods, mechanisms for risk management, and trading systems. It increases significant market participation and efficiency while educating a wide range of investors, from consumers to corporations.
How Does MCX Trading Work?
The Multi Commodity Exchange of India (MCX) is India’s leading commodity exchange, facilitating the trading of various commodities such as precious metals, energy products, agricultural goods, and base metals. Trading on the MCX involves a standardized process that ensures efficient transactions and market integrity.
1. Account Opening and Verification: To start trading on MCX, individuals must open a trading account with a registered MCX broker. This process involves providing personal and financial information for verification.
2. Deposit Funds: Once the account is set up, the trader needs to deposit funds into the trading account. The amount can vary depending on the broker’s policies.
3. Placing Orders: MCX provides an online trading platform where traders can place buy or sell orders for various commodities. Traders can use different order types, such as market orders (executed at the prevailing market price) or limit orders (executed at a specified price).
4. Matching and Execution: When an order is placed, the MCX platform matches the order with another trader’s order if it meets the specified criteria. This process ensures liquidity and smooth execution.
5. Trade Settlement: Once a trade is executed, the transaction goes through the settlement process, involving the transfer of funds and ownership of the traded commodity.
6. Risk Management: Traders can use various risk management tools such as stop-loss orders and hedging strategies to protect their positions and manage potential losses.
7. Market Analysis: MCX provides real-time market data, charts, and analysis tools to help traders make informed decisions based on price movements and trends.
8. Regulation and Compliance: MCX operates under the oversight of the Securities and Exchange Board of India (SEBI), ensuring that trading practices adhere to established rules and regulations for transparency and fairness.
MCX History
The Multi Commodity Exchange of India Ltd. (MCX) was founded in 2003, November and achieved approval from the Forward Markets Commission (FMC). Then later it turned into the Securities and Exchange Board of India (SEBI). In November 2003, it began operations regarding the announcements of future trading in silver and gold.
In past years, MCX has gained a lot of success and many milestones till now. Milestones that have made its position stable and on top as India’s leading commodity exchange. It established trading of crude oil in 2004. Achieving an important development of its product offerings.
In these years MCX has stood up to expand its commodity portfolio, introducing trading in base metals, agricultural commodities, energy products, and several different commodities.
MCX Live Prices
MCX Live Prices mention real-time updates of the latest trading costs of several commodities on the MCX (Multi Commodity Exchange). The prices of trading are updated continuously via the trading sessions, showing the most current transactions and orders done by participants and users in the market.
The procedure of updating live prices in real time includes advanced and knowledge infrastructure and technology. MCX offers advanced and reliable trading platforms to users.
The list of commodities with live prices is shown below which includes gold, Silver, Crude Oil, Natural Gas, and base metals:
- MCX Gold Live Price– 62497.00
- MCX Silver Live Price- 72505.00
- MCX Crude Oil Live Price- 5963.00
- MCX Natural Gas Live Price- 255.60
Base Metals:-
- MCX Copper Live Price- 714.95
- MCX Aluminium Live Price- 200.25
- MCX Lead Live Price- 182.20
- MCX Nickel Live Price- 2450.00
- MCX Zinc Live Price- 225.70
How to Read MCX Live Prices
To read MCX live prices, users must observe and notice the latest trading prices of several commodities placed on MCX. The costs are introduced in real time on financial websites and trading platforms.
During the interpretation of live prices among MCX, users must focus and aim at key aspects such as bids, volumes, ask prices, and price trends. Higher volumes indicate to users stronger price and cost movements. You have to keep track of and observation on price fluctuations and important changes.
During MCX, the ask spread and bid highlight the difference between the maximum price a buyer is ready to pay (bid) and the minimum price a seller is ready to accept (ask) while reflecting transaction costs and market liquidity. The volume shows the total number of contracts that are traded throughout a specified period. Open interest shows the total number of stunning contracts introduced by market participants.
Market Insights
Expert analysis of market trends includes studying and analyzing historical cost data, fundamental factors, and technical indicators to predict future price movements. analysts and learners utilize tools such as trend lines, moving averages, and momentum indicators to recognize and predict price direction and patterns.
Global events can severely affect commodity costs in MCX. For instance, geopolitical issues like sanctions and conflicts. It can damage production and supply chains which ocurs to high or disturbed prices. Natural disasters such as droughts and hurricanes can damage distribution and production which leads to higher and raised prices.
MCX Integration
Traders and investors can merge MCX live prices into trading techniques and strategies by utilizing them as real-time indicators of cost movements and market sentiment. They can manage price alerts to track key levels and execute trades as per reversals and breakouts.
Several platforms and tools provide access to MCX data such as given below:
- Famous terminals such as ninNinjatradererodha kite, and MetaTrader offer real-time MCX information.
- Financial websites also provide data related to MCX, some official websites Bloomberg, moneycontrol, and investing.com offer MCX data easily.
- Several brokerage platforms and brokers provide trading platforms with emerging and integrated data.
- Data providers and data vendors such as Refinitiv, CQG, and Reuters also provide MCX data for users, interested individuals, institutions, and professional traders.
Benefits of Trading in MCX:-
1. Liquidity: MCX is a well-established platform with a large trading volume, providing ample liquidity for traders. This ensures that buy and sell orders can be executed quickly and efficiently.
2. Transparency: MCX operates with a high degree of transparency, providing real-time market data and prices. This allows traders to make informed decisions and assess market conditions accurately.
3. Diverse Range of Commodities: MCX offers a wide range of commodities for trading, including precious metals, base metals, energy products, and agricultural goods. This allows traders to diversify their portfolios.
4. Access to Global Markets: MCX facilitates trading in commodities that are traded globally. This allows traders to gain exposure to international markets and trends.
5. Low Transaction Costs: MCX offers competitive transaction costs, making it an attractive option for traders looking to maximize profits.
6. Robust Risk Management: MCX provides tools such as stop-loss orders and margin requirements to help traders manage their risks effectively.
7. Secure Trading Environment: MCX employs advanced security measures such as two-factor authentication and encryption to ensure the safety and security of traders’ data and transactions.
8. Market News and Insights: MCX provides traders with access to the latest market news and insights, helping them stay informed and make strategic decisions.
9. Educational Resources: MCX offers educational resources such as tutorials, webinars, and market analysis to help traders enhance their knowledge and trading skills.
10. Flexible Trading Hours: MCX operates on extended trading hours, allowing traders to participate in the market at their convenience and take advantage of opportunities that arise at different times of the day.
In summary, MCX trading provides a comprehensive and efficient platform for traders and investors to participate in the commodities market. With its transparency, liquidity, diverse commodity offerings, and secure environment, MCX is a trusted choice for traders looking to leverage the potential of commodities trading.
Watchlist and Alerts:-
Establishing a personalized watchlist for tracking preferred commodities enables investors and traders to keep updated on markets of preferences and interests. Below is how to do it:
- Choose the commodities you desire to monitor according to your investment interests or trading like crude oil, natural gas, and gold.
- Choose a platform that suits you and according to your preference. Some platforms are financial websites, trading terminals, and smartphone apps that provide watchlist features and access to MCX data.
- Find the feature to make a watchlist and add your desired commodities.
- Review your watchlist on a daily basis to monitor price movements, track trends, and find trading opportunities or hazards.
Setting up alerts for important price movements includes, picking a suitable platform that provides alert features and access to MCX info. The platforms can be a mobile application and a financial website.
Describe the price criteria or percentage change that includes an important move for trading methods and strategies. Find the configured notifications and alert settings according to your criteria, which involves delivery methods it can be anything like notification, email, and text message.
Latest News and Updates:-
The most recent and latest MCX news and updates involve changes in commodity prices impacted by supply chain interruptions, economic factors, and geopolitical concerns. When crude oil costs ranged due to choices made by OPEC+ and geopolitical issues in important oil-producing countries, gold prices rose with global stress.
Trading Strategies and Tips for MCX Markets:-
In the MCX commodities market, traders can employ various trading strategies to suit their individual goals and risk tolerance levels. Here are some tips and guides on different trading strategies, including swing trading, day trading, and positional trading:
1. Day Trading:
– Definition: Day trading involves opening and closing positions within a single trading day.
Tips for Day Trading:
- Time Management: Day trading requires full attention during market hours. Identify the most active trading hours to focus on.
- Use Stop-Loss Orders: To manage risk effectively, set stop-loss orders to limit potential losses.
- Technical Analysis: Utilize charts, indicators (e.g., RSI, MACD), and patterns to identify short-term trading opportunities.
- Stay Updated: Follow market news and events that may cause price fluctuations throughout the day.
- Keep Positions Small: To reduce risk, start with smaller positions until you gain confidence and experience in day trading.
2. Swing Trading:
– Definition: Swing trading involves holding positions for several days to weeks to capture short- to medium-term price movements.
Tips for Swing Trading:
- Identify Trends: Look for established trends in price movements using moving averages and other trend indicators.
- Technical Analysis: Employ technical tools like Fibonacci retracements and trendlines to identify entry and exit points.
- Risk Management: Use stop-loss and take-profit orders to protect profits and limit losses.
- Patience: Be patient and allow the trade to develop over time, avoiding the temptation to exit too early.
- Fundamental Analysis: Combine technical analysis with fundamental analysis to understand market trends and potential catalysts.
3. Positional Trading:
– Definition: Positional trading, also known as trend trading, involves holding positions for weeks or months to capitalize on long-term price movements.
Tips for Positional Trading:
- Long-Term Outlook: Focus on long-term trends and potential changes in market fundamentals.
- Diversification: Spread your investments across multiple commodities to mitigate risk.
- Use Fundamental Analysis: Analyze supply and demand dynamics, economic indicators, and geopolitical factors affecting commodities.
- Manage Risk: Employ trailing stop-loss orders to protect profits as prices rise.
- Patience: Positional trading requires patience and a long-term perspective to allow trades to play out.
General Tips for All Trading Strategies:
– Develop a Trading Plan: Define your trading objectives, risk tolerance, entry and exit points, and position size before executing trades.
– Stay Disciplined: Stick to your trading plan and avoid emotional decision-making.
– Keep Learning: Continuously educate yourself about market trends, trading strategies, and technical analysis.
– Analyze Your Trades: Review your trading performance regularly to identify strengths and areas for improvement.
– Monitor Market Conditions: Stay informed about market news, economic data, and geopolitical events that can impact commodity prices.
By adopting and tailoring these strategies to your individual trading style, you can optimize your trading performance in the MCX commodities market. Always prioritize risk management and continuous learning to improve your skills and increase your chances of success.
Resources and Tools:-
Investors and traders can get several resources and tools for calculations, analysis, and conversion. Financial websites such as our MCX Price Wala, tradingView and investing.com provide currency converters, profit/loss calculators, and position size calculators.
Also, financial news sites like CNBC and Bloomberg provide market insights, latest updates, and economic calendars.
Educational materials on trading and investing in MCX might be found on several platforms. The official website of MCX provides educational resources that involve webinars, articles, tutorials, market analysis, trading strategies, and risk management.
Conclusion:-
The Multi Commodity Exchange of India Ltd. (MCX) is an important institution in the financial market and India’s landscape. It provides trading among several commodities such as silver, gold, crude oil, etc. It also involves agricultural products and base metals.
Since 2003, MCX has made a great position in the financial market and it has an essential role in promoting liquidity, price discovery, and transparency in the commodities market.
For the latest updates and trends users must regularly check the page. It is important to stay updated and look out for current trends in trading decisions.
List of MCX Holiday 2024:-
| Sr.No | National Holiday | Date | Day | Morning Session | Evening Session* |
|---|---|---|---|---|---|
| 1 | Republic Day | 26-Jan-2024 | Friday | Closed | Closed |
| 2 | Maha Shivaratri | 08-Mar-2024 | Friday | Closed | Open |
| 3 | Holi | 25-Mar-2024 | Monday | Closed | Open |
| 4 | Good Friday | 29-Mar-2024 | Friday | Closed | Closed |
| 5 | EID AL FITR | 11-Apr-2024 | Thursday | Closed | Open |
| 6 | Ram Navami | 17-Apr-2024 | Wednesday | Closed | Open |
| 7 | Maharashtra Day | 01-May-2024 | Wednesday | Closed | Open |
| 8 | Bakri Id | 17-Jun-2024 | Monday | Closed | Open |
| 9 | Muharram | 17-Jul-2024 | Wednesday | Closed | Open |
| 10 | Independence Day | 15-Aug-2024 | Thursday | Closed | Closed |
| 11 | Mahatma Gandhi Jayanti | 02-Oct-2024 | Wednesday | Closed | Closed |
| 12 | Diwali-Laxmi Pujan * | 01-Nov-2024 | Friday | Closed | Open |
| 13 | Gurunanak Jayanti | 15-Nov-2024 | Friday | Closed | Open |
| 14 | Christmas | 25-Dec-2024 | Wednesday | Closed | Closed |
About MCX Price Wala:-
MCX Price Wala is a professional platform offering real-time analysis and updates regarding commodity prices and markets on the MCX. With this platform, investors and traders can get access to historical data, live prices, current updates, and market insights for several commodities traded on MCX.
MCX Price Wala has the aim of empowering market users with informative data, and information, assisting them in making correct trading decisions and finding the complications of commodity markets.
Frequently Asked Questions:-
- MCX Price Wala is a platform providing live MCX prices and market insights for various commodities, including gold, silver, crude oil, and more.
- The MCX prices on the page are updated in real-time, providing users with the latest market data and trends.
- Yes, users can track specific commodities by creating personalized watchlists to monitor their preferred assets.
- The live prices include information such as last traded price, change percentage, high, low, and last trade time, helping users understand current market dynamics.
- Yes, MCX Price Wala offers tools and resources for analyzing market trends, including historical price data and expert market analysis.
- Users can set up alerts on the page to receive notifications for significant price changes, enabling them to stay informed about market movements.
- Yes, MCX Price Wala caters to both traders and investors by providing real-time market data and valuable insights for making informed trading and investment decisions.
- Yes, MCX Price Wala is accessible on mobile devices, allowing users to stay updated on market developments anytime, anywhere.
- The live prices on MCX Price Wala are sourced from reliable data providers and are updated promptly to ensure accuracy and reliability.
- Yes, MCX Price Wala provides educational resources and tools for beginners, including tutorials, articles, and calculators, to help them understand commodity trading and investing.
- Yes, MCX Price Wala provides access to historical price data for commodities, allowing users to analyze past trends and performance.
- No, MCX Price Wala is free to use for all users, and there are no subscription fees or charges associated with accessing live prices and market insights.
- News and updates affecting the commodities market are regularly published on MCX Price Wala, keeping users informed about the latest developments and events.
Yes, users can customize the layout and display settings on MCX Price Wala according to their preferences, allowing for a personalized user experience.
- Yes, MCX Price Wala offers customer support to assist users with any queries or issues they may encounter while using the platform. Users can reach out for help via email or live chat support.