banner_ad

Mcx gold and actual gold

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 September 2011 Hello

why there is a differences in price of MCX GOLD which trading site and actual gold rates?

when we go for buying gold in market it cost more than indicated in MCX GOLD price ?
Profile Image

Praveen Bajaj

Profile Image

Praveen Bajaj (Expert)
30 September 2011 The difference is because MCX trades on gold futures. These futures are for a particular expiry. Right now contracts are for October 2011, December 2011 and so on. Gold in the market are spot rates and hence the obvious difference. You can see mcxindia.com market data for real time prices.

Also MCX futures closely mirror the sentiments in the international markets and reflect quite strongly to any news. Spot market rates are less sensitive to these factors which also creates differences.

In simple words, reason is similar to the reason why there is a difference between Reliance cash price and Reliance October future.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details