MCXGOLD·₹ per 10g
MCX Gold Price Today
Live MCX price · Updated in real time
₹1,41,641
▲ 0.52%
Gold Intelligence
⚡ 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.
⚡ Flash·Wed, 8 Jul, 2026
Why Rising US Treasury Yields Weigh on MCX Gold Prices
Understand how US Treasury yield affects MCX gold prices through real rates, dollar strength, and India's import parity formula in this clear explainer.
⚡ Flash·Tue, 7 Jul, 2026
How US Federal Reserve Rate Decisions Move MCX Gold in India
Understand how US Federal Reserve rate decisions affect MCX gold India prices through COMEX, USD/INR, and import duty transmission — explained for active traders.
⚡ Flash·Mon, 6 Jul, 2026
Why MCX Gold Price Differs from COMEX Gold — India Import Parity Explained
Understand why MCX gold price differs from COMEX gold with India's import parity formula, rupee conversion, duty impact, and key macro drivers explained.
⚡ Flash·Fri, 3 Jul, 2026
What Is MCX Gold? Contract Specs, Pricing, and How It Works
MCX Gold is India's most liquid commodity futures contract. Learn how it is priced, what determines its rate, and how it differs from buying physical gold.
Recent Gold Briefs
Edition #67·Monday, 20 July 2026
Brent Crosses $90 as Middle East Premium Resurfaces — Gold Diverges
Edition #66·Friday, 17 July 2026
COMEX Gold Touches $3,997 as Crude Climbs — Two Rallies, One Rupee
Edition #65·Wednesday, 15 July 2026
Gold Breaks $4,043 as Crude Jumps 2.5% — Two Rallies, One Question
Edition #64·Tuesday, 14 July 2026
Crude Surges 4.3% as Rupee Slips — Gold Holds Its Ground
Edition #61·Thursday, 9 July 2026
Oil Jumps 6% as Middle East Tensions Fracture Gold's Safe-Haven Logic
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
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~₹1.4 crore at ₹1,41,641/10g
SPAN margin₹7.1–9.9 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: taxed as business income or STCG at slab rate. CTT 0.01% on sell side.
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