MCXGOLD·₹ per 10g
MCX Gold Price Today
Live MCX price · Updated in real time
₹1,55,719
▲ 2.18%
Duty-inclusive import parity
₹1,54,691₹ per 10g
MCX vs parity
+0.7%premium
COMEX $4540/oz ÷ 31.10 × 10 × ₹94.63/USD × 1.12 duty · 6% BCD + 3% AIDC + 3% GST · For education only, not a trading signal
Gold Intelligence
⚡ Flash·Thu, 3 Sept, 2026
How Physical Jewellery Demand Moves MCX Gold Prices in India
Understand how jewellery demand affects MCX gold price in India — the import parity formula, duty impact, rupee conversion, and key signals to watch.
⚡ Flash·Wed, 2 Sept, 2026
Sovereign Gold Bonds vs MCX Gold Futures — Which Is Better for Indian Investors?
Sovereign gold bond vs MCX gold futures comparison India: understand the exact mechanics, tax rules, and price drivers before choosing your instrument.
⚡ Flash·Wed, 26 Aug, 2026
How MCX Physical Delivery of Gold and Silver Works in India
Learn how the MCX physical delivery process works for gold and silver in India — from contract expiry to vault settlement, duties, and basis risk.
⚡ Flash·Mon, 3 Aug, 2026
How US Inflation (CPI) Data Moves MCX Gold Prices in India
Learn how US inflation CPI data affects MCX gold prices in India through a step-by-step transmission covering COMEX, real yields, and USD/INR conversion.
⚡ Flash·Fri, 10 Jul, 2026
How the India Union Budget Moves MCX Gold — Import Duty and Tax Changes
Understand how the India Union Budget affects MCX gold prices through import duty changes, GST, and rupee conversion in this clear mechanism breakdown.
⚡ Flash·Thu, 9 Jul, 2026
How Geopolitical Tensions Drive MCX Gold Safe-Haven Demand
Understand how geopolitical tension affects MCX gold India prices through step-by-step transmission from global risk events to your ₹/10g contract.
Recent Gold Briefs
Edition #99·Thursday, 3 September 2026
Gold Reclaims $4,472 While Crude Holds — The War Trade Is Reuniting
Edition #98·Wednesday, 2 September 2026
Oil at $90 While Gold Drops $76 — The War Trade Is Splitting
Edition #97·Tuesday, 1 September 2026
Gold at $4,492 Refuses to Retreat — Even as Oil Surges
Edition #96·Monday, 31 August 2026
Oil Jumps $1.73 While Gold Freezes — The War Premium Is Splitting
Edition #95·Friday, 28 August 2026
Gold Falls Into a War While Oil Climbs — Something Doesn't Add Up
What Moves Gold
- USD strength — gold and dollar move inversely
- US real yields (10Y TIPS) — higher real rates raise opportunity cost of holding gold
- Central bank buying — especially EM central banks diversifying away from USD
- Geopolitical risk — war, sanctions, banking crises lift gold
- India import duty — government can change duty; each 1% duty change shifts MCX price ~₹1,000/10g
- Indian rupee — a weaker INR amplifies MCX gold price even when COMEX is flat
Upcoming Events for Gold
Over the last 24 CFTC Commitment of Traders (COT) Report releases, MCX Gold has moved an average of ±1.1% in the following session (maximum ±3.4%).
Demand Drivers
- Central bank reserve accumulation (China, Russia, India RBI buying since 2022)
- Indian jewellery (25% of global demand — wedding season Oct–Feb peaks)
- Gold ETFs (institutional investment flow)
- Electronics and semiconductors (industrial)
- Safe-haven demand during geopolitical or financial stress
Risk Note
MCX-COMEX spread can widen when Indian import duty changes or USD/INR moves sharply — watch basis risk.
MCX Contract Specs
Lot size1 kg (100 units of 10g)
Quoted₹ per 10g
Tick size₹1 per 10g = ₹100/lot
Contract value~₹1.6 crore at ₹1,55,719/10g
SPAN margin₹7.8–10.9 lakh
Margins are illustrative. Check your broker's SPAN calculator for live requirements.
Who Controls Supply
No single entity controls gold supply. Top producers: China 11%, Russia 10%, Australia 10%, Canada 5%. Central banks are the dominant holders.
Watch These Signals
USD/INRUS 10Y real yieldCOMEX GoldIndia CPICentral bank demand data (WGC quarterly)
Tax Treatment
Gold ETF LTCG: 12.5% after 12 months (Budget 2024). Physical gold LTCG: 12.5% without indexation after 2 years. MCX futures gains: non-speculative business income at slab rate. CTT 0.01% on sell side.
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