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Learn gold and commodities

Why gold moves, the ways Indians can hold it, and how rupee, dollar and interest rates all feed into the price you see. Four short steps, each with something to read, a tool to try, a self-check and a paper exercise. It teaches how the market works — it does not tell you what to buy or sell.

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  1. 01What moves the price of gold
  2. 02Ways to hold gold in India
  3. 03MCX and commodity futures basics
  4. 04Gold in a portfolio and the wider commodities

Step 1 of 4

What moves the price of gold

By the end: You can name the main drivers of gold and explain why it is quoted in dollars per ounce globally.

Read

Try it

See gold, silver, crude and USD/INR together →

Key terms

Troy ounce · Volatility · FOMC

Check yourself

Self-check only — nothing is recorded.

1. Globally, gold is mostly quoted…

2. Which of these is commonly cited as a driver of gold?

3. Gold in India can rise even if international gold is flat when…

Paper exercise

On the India markets page, note gold, silver, crude oil and USD/INR. Tomorrow, note them again and write which moved most in percentage terms and whether gold and the dollar moved in the same or opposite directions.

Step 2 of 4

Ways to hold gold in India

By the end: You can compare physical gold, gold ETFs, gold funds, digital gold and bonds on cost, safety and regulation.

Read

Try it

Compare brokers (you need a demat account for gold ETFs) →

Key terms

Gold ETF · Digital gold · Sovereign Gold Bond · Expense ratio

Check yourself

Self-check only — nothing is recorded.

1. A gold ETF is…

2. Which statement about 'digital gold' is the most careful?

3. With physical jewellery, a cost many forget is…

Paper exercise

Build a table with five rows (physical, gold ETF, gold fund, digital gold, bonds) and four columns (how you buy, costs, who regulates it, how you exit). Fill in only what you have verified from an official or provider source.

Step 3 of 4

MCX and commodity futures basics

By the end: You know that MCX gold contracts are leveraged derivatives with expiries, and why they carry more risk than owning gold.

Read

Try it

See how a systematic strategy behaves in the simulator →

Key terms

MCX · Futures · Margin · Expiry

Check yourself

Self-check only — nothing is recorded.

1. A commodity futures contract…

2. Why is futures trading riskier than holding a gold ETF for a beginner?

3. MCX gold contracts come in different sizes so that…

Paper exercise

On the MCX website, find the current gold contract specifications (lot size, expiry, margin). Write them down with the date and calculate the rupee value of a 1% move in one lot at today's price.

Step 4 of 4

Gold in a portfolio and the wider commodities

By the end: You can say what role gold may play in a portfolio, and name what drives silver and crude oil.

Read

Try it

Watch the data gold reacts to →

Key terms

Diversification · Position sizing · Volatility

Check yourself

Self-check only — nothing is recorded.

1. Gold is often discussed as a diversifier because…

2. Crude oil prices are most directly influenced by…

3. A sensible beginner approach to a first gold allocation is to…

Paper exercise

Write what share of your savings you would be comfortable holding in gold, why, and what would make you change it. Write it before looking at today's price, then compare how you feel about the number after seeing the price.

Finished? Where to go next

Important. Educational content, not investment advice. Rules on taxes, remittances and which products Indian residents may use change — always confirm the current position with the RBI, SEBI, the income-tax department or a qualified professional. Markets can lose money, and gold can fall as well as rise. See the disclaimer. Spotted an error? Email marketdekho01@gmail.com.