Glossary
MCX: meaning, example and why it matters
Multi Commodity Exchange of India: the exchange where commodity futures such as gold, silver, crude oil and copper are traded. Contracts have set sizes, expiries and margins.
Worked example
A 1 kg gold contract quoted per 10 grams at ₹70,000 has a contract value of 100 × ₹70,000 = ₹70,00,000, because 1 kg is 100 lots of 10 grams. The price is illustrative.
Illustrative numbers for explanation only. They are not market data, a forecast or a suggestion.
Why it matters
MCX is where commodity futures trade in India, with contract sizes and expiries set by the exchange.
Related terms
See it in practice
Frequently asked questions
Is MCX the same as NSE?
No. MCX is a commodity exchange; NSE is mainly for shares and index derivatives.
Is this page investment advice?
No. MCX is explained in general terms with illustrative numbers. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser.
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Educational content, not investment advice. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser. Spotted a mistake? Email marketdekho01@gmail.com.