Understand the asset classes traded on MCX — what drives them and how the exchange works. Expand any topic. Concept-only.
What moves each commodity. Expand a topic to read the drivers.
Gold is the classic safe-haven and store of value. Its price is driven by real (inflation-adjusted) interest rates, the US dollar, central-bank buying and risk sentiment — and in India also by the rupee, since gold is priced globally in dollars. On MCX it is quoted per 10 grams.
Educational explanation only — not a signal, recommendation, target or stop loss.
Silver is a hybrid: part precious metal, part industrial input (solar, electronics). That dual demand makes it more volatile than gold, and the gold-silver ratio is a commonly-studied relationship.
Educational explanation only — not a signal, recommendation, target or stop loss.
Crude is the world's most-traded commodity. Prices respond to OPEC+ supply decisions, inventory data, global growth and geopolitics. MCX crude tracks international benchmarks, converted into rupees.
Educational explanation only — not a signal, recommendation, target or stop loss.
Natural gas is highly seasonal and weather-sensitive, driven by heating/cooling demand and storage levels. It is among the most volatile commodity contracts.
Educational explanation only — not a signal, recommendation, target or stop loss.
Often nicknamed 'Dr. Copper' because its broad industrial use makes it a barometer of global economic health — construction, wiring and increasingly EVs and grids.
Educational explanation only — not a signal, recommendation, target or stop loss.
An energy-intensive base metal; its cost is closely tied to power prices, while demand reflects transport, packaging and construction cycles.
Educational explanation only — not a signal, recommendation, target or stop loss.
Base metals with specific end-uses: zinc for galvanising steel, lead largely for batteries. Both track the industrial demand cycle and mine supply.
Educational explanation only — not a signal, recommendation, target or stop loss.
Agri-commodities (such as cotton, soybean, spices) are driven by the monsoon, sowing and output data, MSP policy and global crop cycles — highly seasonal.
Educational explanation only — not a signal, recommendation, target or stop loss.
The exchange mechanics and the cycles behind commodity prices.
The Multi Commodity Exchange is India's main commodity derivatives venue. Key mechanics to learn: lot sizes, tick value, contract expiry, the difference between cash-settled and delivery-based contracts, and how price discovery works in an open electronic market.
Educational explanation only — not a signal, recommendation, target or stop loss.
A core concept: commodities move in long supply-demand cycles. High prices invite new investment (capex), which years later creates oversupply and lower prices — and lean years eventually starve supply and lift prices again. Students study these cycles historically, never as a forecast.
Educational explanation only — not a signal, recommendation, target or stop loss.
Commodity trading and MCX derivatives carry high risk. Nothing here is a recommendation, target, stop loss or signal. We are not SEBI registered. Consult a SEBI registered professional before any commodity investment decision.