Live Gold Mini Prices
| Last | Change | % |
|---|---|---|
| 68,240.0 | +67.0 | +0.10% |
| High | Low |
|---|---|
| 68,340.0 | 67,670.0 |
TECHNICAL SIGNAL BUY & SELL
| 5 Min Signal | 1 Hour Signal | 1 Day Signal |
|---|---|---|
| Buy | Buy | Buy |
MOVING AVERAGES
| Period | MA 20 | MA 50 |
|---|---|---|
| 5 Minutes | 68239.43 | 68210.22 |
| 1 Hour | 68220.95 | 67919.22 |
| 1 Day | 72193.10 | 71854.25 |
| 1 Week | 70698.19 | 64827.84 |
TECHNICAL RESISTANCE LEVEL
| Resistance 1 - R1 | Resistance 2 - R2 | Resistance 3 - r3 |
|---|---|---|
| 68,452.0 | 68,843.0 | 69,122.0 |
TECHNICAL SUPPORT LEVEL
| Support 1 - S1 | Support 2 - S2 | Support 3 - S3 |
|---|---|---|
| 67,782.0 | 67,503.0 | 67,112.0 |
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 Gold Mini Price Today: Market Trends and Key Influences
Gold Mini is a derivative contract traded on commodity exchanges such as the Multi Commodity Exchange of India (MCX). MCX Gold Mini offers investors exposure to the price movement of gold in smaller denominations compared to standard gold futures contracts.
The current MCX Gold Mini price is 71120.00 Rs.
As of Tuesday, 07 May 2024 15:15 PM, India Time, Market Open
Last Trade: 71,104.0
Change: -217.0
Change in %: -0.30%
High: 71,365.0
Low: 71,066.0
Open: 71,321.0
The price of MCX Gold Mini is changing as per the market. It is influenced by a myriad of factors, including global economic conditions, US dollar movement, central bank policies, demand-supply dynamics, investment demand, geopolitical risks, technical analysis and many more.
Key Insights into MCX Gold Mini Trading for Investors
Let’s understand some key points about Gold Mini to trade in it-
Contract Size: Compared to regular gold contracts, gold mini contracts represent a smaller quantity of gold. For instance, one MCX Gold Mini contract is equivalent to ten grammes of gold.
Price Quotation: The cost of MCX Gold Mini price is quoted in INR, as per the cost per 10 grammes of Gold Mini. It represents the ongoing rate for gold on the Indian market. Its price varies as per the supply and demand, the state of the world economy, and other factors.
Trading Hours: MCX Gold Mini contracts are traded only in specified trading hours. Yes, it is pre-decided. Trading hours for MCX Gold Mini are 9:00 AM to 11:30 PM, Monday through Friday, with an additional evening session.
Settlement: MCX Gold Mini contracts have defined expiration dates every month. On the expiration date, Gold Mini contracts are settled in cash using the difference between the contract price and the current gold market price.
Margin Requirements: In MCX law, traders and investors taking part in Gold Mini contracts must keep the necessary margin. Depending on the volatility and state of the market, there may be an initial margin, maintenance margin, and supplementary margin.
Risk and Volatility: MCX Gold Mini is susceptible to market risks and price volatility much like other commodity derivatives. Variations in interest rates, geopolitical unrest, shifts in the price of gold, and shifts in the world economy can all affect the price of gold and, in turn, the value of Gold Mini contracts.
Regulatory Oversight: Market regulators including the Securities and Exchange Board of India (SEBI) in India oversee commodity derivatives trading, which includes Gold Mini. These regulators guard the interests of market players, maintain rule and regulation compliance, and supervise the operation of commodity exchanges.
Now, that you are aware of everything about Gold Min trading, you can start trading in it when you feel the time is right.