Mcx gold and actual gold
This query is : Resolved
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 ?
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 ?
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.
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.
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