How much MCX prices trade above (+) or below (−) a raw FX conversion of the global benchmark. This does not net out import duty — see the duty-inclusive import parity figure on each commodity page for the landed-cost comparison. Data as of 2026-10-16.
What it shows: How far MCX prices are trading above or below the global benchmark in rupee terms.
What it doesn’t mean: A gap isn’t a mispricing on its own — duty, taxes and local demand all affect it.
See the basis history →30-day spread history with ±1σ/±2σ bands → Full Basis Dashboard (Pro)