Gold 4 Dec Fut

The main MCX Gold and Gold Mini contracts are quoted in rupees per 10 grams. Smaller contracts such as Gold Guinea (8 g) and Gold Petal (1 g) are also available.

The MCX price is a futures price for 995-purity gold. Jewellery rates add GST, making charges and local premiums, and they also reflect differences in purity such as 22K vs 24K.

Key drivers include international gold prices, the USD-INR rate, import duty changes, interest rate expectations, central bank buying, and safe-haven demand.

Gold is widely seen as a store of value. During wars, financial crises or high inflation, investors often move money into gold, which pushes up demand and prices.

MCX Gold is a leveraged futures contract with an expiry date, mainly used for trading and hedging. Gold ETFs and digital gold let you hold gold without leverage or expiry, which makes them better suited for long-term investing.

MCX gold contracts are delivery-based. However, many brokers require traders to square off positions before the delivery period begins, so check your broker’s policy before holding a position near expiry.