The Multi Commodity Exchange (MCX), India’s largest commodity exchange, has revised the expiry date of its base metal index futures contract (MCXMETLDEX) due to the Maharashtra Legislative Assembly Election on November 20, 2024. Trading on MCX will only open for the evening session, and the contract will be available for trading until the revised expiry…
The introduction of cotton seed wash oil futures was announced by the top commodities exchange, MCX, on Tuesday. According to a statement from MCX, each contract will have a trading unit of five tonnes, with a base value quoted in rupees per ten kilograms at Ex-Tank Kadi, Gujarat. Participants have inexpensive access to hedging because…
Tuesday’s opening price for the gold October futures contracts at MCX was Rs 71,513 per 10 grams, down 0.1% or Rs 71, while the silver September futures contracts were trading at Rs 84,426/kg, up 0.1% or Rs 88. Over the past three days, there has been a gain of roughly Rs 1,400/10 gram in gold…
WTI (West Texas Intermediate) crude oil futures were up 0.34 percent to $77.10 in September, while October Brent oil futures were up 0.18 percent to $79.80. In Monday’s first hour of trading, August crude oil futures were up 0.51% on the Multi Commodity Exchange (MCX) at ₹6477 compared to the previous close of ₹6444, and…
Gold prices saw robust selling last week in response to China’s weak demand for real gold. The COMEX gold market saw a 4.50 percent loss last week, while the yellow metal price in India saw a greater decline as a result of price adjustments following the news of a 9 percent reduction in customs duties…
The September WTI (West Texas Intermediate) and Brent oil futures were down 0.31 and 0.27 percent, respectively, to $84.62 and $80.59. Tuesday’s first hour of trading saw July crude oil futures on the Multi Commodity Exchange (MCX) trading at ₹6,828 against the previous close of ₹6,847, down 0.28 percent, and August futures at ₹6,752 against…
On Thursday morning, the official data indicated a rise in US stocks, which caused the price of crude oil futures to decline. Thursday saw a 0.22 percent decline in Brent oil futures to $84.28, and a 0.27 percent decline in August WTI (West Texas Intermediate) crude oil futures to $80.68. At the start of trade,…
Apr 3, 2024, saw a 0.18% decrease in Mentha Oil Rate. The futures contracts for Mentha oil, expiring on June 28, 2024, saw a decrease to ₹931.50. The Mentha oil rate on MCX has decreased by 0.18% in the last day, from ₹938.00 to ₹931.50. One of the top producers and exporters of mentha oil…
Gold prices on MCX increased by 12% in FY24, from Rs 59,400 to over Rs 67,000 per 10 grams due to international crises such as Israel-Hamas war and Russia-Ukraine crisis. Gold demand reached a record high of 4,899 tonnes globally in 2023 due to central bank acquisitions and sales. The World Gold Council predicts India’s…
Friday saw a more than 3% decline in the price of Multi Commodity Exchange (MCX) shares, a day after the exchange called off the mock trading session for the new trading platform. The exchange is currently putting a new commodity derivative platform into place. According to a circular released by MCX on Thursday, “the exchange…
