MCX vs COMEX
MCX is India's commodity exchange, pricing gold in rupees per 10 grams and shut at night and on weekends; COMEX is the New York exchange that sets the dollar price per troy ounce. MCX gold is the dollar price times the rupee plus import duty and the Mumbai premium, three charts in one; Module 2 does the arithmetic, and most of the move happens during the American session.
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On MochatradeSee what you can trade on MochatradeRelated terms
- Troy ounceA troy ounce is 31.1035 grams, the unit gold, silver, platinum and palladium are priced in, about 10% heavier than an…
- COMEXCOMEX is the New York exchange, part of CME Group, where benchmark gold, silver and copper futures trade. Globex runs…
- Gold futuresGold futures are exchange-traded contracts on gold, the benchmark on COMEX in dollars per troy ounce, trading above…
- Silver futuresSilver futures are contracts on silver, mainly on COMEX in dollars per troy ounce. More than half of silver goes into…
- CopperCopper is the industrial metal priced three ways: LME in dollars per tonne, COMEX in cents per pound, Shanghai in…
- NYSEThe NYSE is the New York Stock Exchange, started in 1792 when twenty four brokers agreed to trade only with each…
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