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Live Spot Prices

MCX

NCDEX

Commodity
Place
Current Value
Change
Change(%)

Raw Jute

JUTRAWKOL

Kolkotta

7,325.00

250.00

3.53

Jeera

JEERAJDR

Jodhpur

22,750.00

725.00

3.29

Sugar medium grade

SUGARMKPR

Kanpur

4,209.80

118.85

2.90

Paddy (Basmati) – Pusa 1121

PADYPB1121

Karnal

3,450.00

87.50

2.60

YELLOWP

YELLOWP

KANPUR

3,749.95

81.50

2.22

Chana

CHANAAKL

Akola

5,850.00

100.00

1.73

Rape Mustard Seed

RMSEEDALW

Alwar

6,300.00

87.50

1.40

JEERAMINI

JEERAMINI

UNJHA

22,795.00

302.00

1.34

Jeera

JEERAUNJHA

Unjha

22,795.00

302.00

1.34

Yellow Peas

YPECANMUM

Mumbai

3,500.00

37.50

1.08

GUR

GUR

MUZAFFARNAGAR

1,547.30

16.35

1.06

Rape Mustard Oil Expeller

RMOEXPGNR

Sriganganagar

1,272.50

12.50

0.99

Coriander

DHANIYAJPR

Jaipur

7,750.00

75.00

0.97

Coriander

DHANIYAKOT

Kota

7,822.60

73.75

0.95

Turmeric UnPolished

TMCFUPNZM

Nizamabad

13,745.00

129.00

0.94

Rapeseed Mustard seed oilcake

RMCAKE

Jaipur

2,225.00

20.55

0.93

COFFEE

COFFEE

KUSHALNAGAR

47,000.00

400.00

0.85

Wheat

WHTSMQRJKT

Rajkot

2,550.00

20.00

0.79

Bajra

BAJRADELHI

Delhi

2,740.00

20.00

0.73

Turmeric

TMCFGRNZM

Nizamabad

14,615.50

103.80

0.71

PEPPER

PEPPER

Kochi

72,686.50

474.90

0.65

Turmeric (Rajapore)

TMCRJPSGL

Sangli

16,100.00

100.00

0.62

Rape Mustard Seed

RMSEED

Jaipur

6,301.50

31.20

0.49

Cotton 29 MM

COTTON

Rajkot

26,068.20

122.70

0.47

Sugar (S Grade)

SUGARS

Kolhapur

3,800.00

15.00

0.39

Soyabean

SYBEANIDR

Indore

4,447.85

16.30

0.36

Kapas

KAPAS

Rajkot

1,481.70

5.30

0.35

Coriander

DHANIYA

Kota

7,363.20

21.10

0.28

CASTOROIL

CASTOROIL

KANDLA

1,267.10

3.35

0.26

Sugar (M Grade)

SUGARM

Kolhapur

3,895.00

10.00

0.25

Kapas

KAPASKDI

Kadi

1,454.80

3.65

0.25

STEEL

STEEL

MANDIGOBINDGARH

42,600.00

100.00

0.23

Maize Kharif

MAIZEKHRF

Nizamabad

2,305.00

5.00

0.21

Refined Soy oil

SYOREFMUM

Mumbai

1,247.50

2.50

0.20

Crude Sunflower Oil

SUNOILKDL

Kandla

1,302.50

2.50

0.19

Sugar medium grade

SUGARMKOL

Kolkatta

4,257.15

4.75

0.11

Barley

BARLEYJPR

Jaipur

2,376.20

1.20

0.05

Wheat

WHTSMQIDRI

INDORE

2,620.00

1.25

0.04

Aluminium_New

ALUMINIUM

Bhiwandi

121.80

0.00

0.00

Bajra

BAJRAJPR

Jaipur

1,435.00

0.00

0.00

Chilli 334 GTR

CHLL334GTR

Guntur

5,600.00

0.00

0.00

Copper

COPPER

Mumbai

405.30

0.00

0.00

Gold Pure Mumbai KG.

GLDPURMUMK

Mumbai

29,700.00

0.00

0.00

Groundnut Expeller Oil

GNOEXPRKT

Rajkot

866.90

0.00

0.00

Groundnut In Sheel

GNSHELJNG

Junagadh

710.00

0.00

0.00

Gold

GOLD

Ahmedabad

32,596.00

0.00

0.00

Gold 100

GOLD100

Ahmedabad

32,596.00

0.00

0.00

Gold Hedge 100

GOLDH100

Ahmedabad

29,663.00

0.00

0.00

Gold Hedge

GOLDHEDGE

Ahmedabad

29,663.00

0.00

0.00

Guar Seed 1 MT

GUAR1MT

Jodhpur

4,450.00

0.00

0.00

Guarseed

GUAR2MT

Jodhpur

4,450.00

0.00

0.00

GuarGum

GUARGUM

Jodhpur

9,000.00

0.00

0.00

GUR_NEW

GURCHMUZR

Muzaffarnagar

1,068.40

0.00

0.00

ISABGOL

ISABGOL

UNJHA

14,000.00

0.00

0.00

Kachhi Ghani Mustard Oil

KACHIGHANI

Jaipur

1,310.00

0.00

0.00

Kapas

KAPASSRNR

Surendranagar

868.00

0.00

0.00

Lead

LEAD

Mumbai

132.00

0.00

0.00

Maize Industrial

MAIZE

Nizamabad

2,235.00

0.00

0.00

Maize Rabi

MAIZERABI

Nizamabad

2,235.00

0.00

0.00

Maize South

MAIZESOUTH

Nizamabad

2,600.00

0.00

0.00

Masoor Bold

MSRBLDIDR

Indore

6,150.00

0.00

0.00

Nickel_New

NICKEL

Bhiwandi

826.75

0.00

0.00

Paddy Basmati

PADDYKOTA

Kota

2,792.80

0.00

0.00

Paddy Basmati

PADDYKRNL

Karnal

4,400.00

0.00

0.00

Shankar Kapas

SHANKRKPAS

Rajkot

1,179.70

0.00

0.00

Silver

SILVERH5

Ahmedabad

34,224.00

0.00

0.00

Silver

SILVERHEDG

Ahmedabad

34,224.00

0.00

0.00

Silver International

SILVERINTL

Ahmedabad

37,572.00

0.00

0.00

Soyabean Meal

SOYAMEAL

Indore

29,500.00

0.00

0.00

Sugar medium grade

SUGARMDEL

Delhi

4,120.00

0.00

0.00

Sugar medium grade

SUGARMERD

Erode

3,945.00

0.00

0.00

M Grade Sugar

SUGARMMZR

Muzaffarnagar

4,080.00

0.00

0.00

Sugar s grade

SUGARSERD

Erode

3,845.00

0.00

0.00

S Grade Sugar - Vashi

SUGARSVSH

Vashi

3,600.00

0.00

0.00

Soybean

SYBEANNGR

Nagpur

4,545.00

0.00

0.00

Degummed Soy Oil

SYODEGUM

Kandla

717.25

0.00

0.00

Turmeric Farmer Polished

TMCFPLNZM

Nizamabad

8,475.00

0.00

0.00

Tur Desi

TURDESAKL

Akola

4,400.00

0.00

0.00

Wheat

WHEAT

Delhi

2,650.00

0.00

0.00

Yellow Peas

YLPEASKPR

Kanpur

3,800.00

0.00

0.00

Zinc_New

ZINC

Bhiwandi

180.60

0.00

0.00

Soybean

SYBEANKOT

Kota

4,519.75

-,126.25

-2.71

Chana - Bikaner

CHANA

Bikaner

5,600.00

-,100.00

-1.75

Crude Palmolein Oil

CRDPOLKAK

Kakinada

1,140.00

-20.00

-1.72

CPO

CPO

Kandla

1,172.30

-18.10

-1.52

Wheat

WHTSMQKPRI

Kanpur

2,525.00

-37.50

-1.46

Guarseed

GUARSEDBKN

Bikaner

4,948.05

-71.25

-1.41

Soybean

SYBEANAKL

Akola

4,444.00

-50.50

-1.12

RBD Palmolein

RBDPLNKAK

Kakinada

1,197.50

-12.50

-1.03

Wheat Faq

WHEATFAQ

Delhi

2,600.00

-25.00

-0.95

Refined Soy oil

SYOREFNGR

Nagpur

1,250.00

-11.25

-0.89

Maize Industrial

MAIZECHIND

Chhindwara

2,205.00

-17.50

-0.78

Maize

MAIZEDEL

Delhi

2,550.00

-20.00

-0.77

Guar Gum5

GUARGUM5

Jodhpur

9,522.70

-70.95

-0.73

SUNOIL

SUNOIL

EX-TANK CHENNAI

1,304.05

-9.65

-0.73

Maize Khrif

MAIZEKHRIF

Erode

2,459.30

-17.55

-0.70

Guarseed10

GUARSEED10

Jodhpur

5,010.70

-33.25

-0.65

Soymeal

SBMEALIDR

Indore

32,600.00

-,200.00

-0.60

Castor Seed

CASTORKDI

Kadi

6,225.00

-37.50

-0.59

Refined Soy Oil

SYOREFKDL

Kandla

1,208.15

-6.85

-0.56

Cotton Seed OilCake

COCUDAKL

Akola

3,013.90

-15.15

-0.50

Castor

CASTOR

Deesa

6,229.05

-28.65

-0.45

Sesameseed

SESAMESEED

Rajkot

11,350.00

-50.00

-0.43

GROUNDNUT

GROUNDNUT

BIKANER

5,093.60

-19.55

-0.38

Bajra

BAJRA

Delhi

2,460.65

-9.35

-0.37

Rubber_New

RBRRS4KOC

Kochi

19,800.00

-75.00

-0.37

Moong

MOONG

Merta City

7,700.00

-25.00

-0.32

Refined Soy Oil

SYOREF

Indore

1,225.95

-3.65

-0.29

Cotton

COTTONKADI

Kadi

25,660.20

-59.70

-0.23

COTWASOIL

COTWASOIL

KADI

1,225.85

-1.70

-0.13

Cotton Seed oilcake

COCUDCKDI

Kadi

3,041.30

-3.65

-0.11

Chana

CHARJDDEL

New Delhi

5,798.55

-1.30

-0.02

Invest wise with Expert advice

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What is a Spot Price?

A spot price refers to the prevailing market price at which an asset or commodity could be sold for immediate delivery. It is in contrast to futures or forward prices, whereby the transaction will be concluded at some later date.

The spot prices change constantly and reflect the supply and demand situation that exists in the real-time market. Traders and investors view spot prices as an indication of the immediate value of an asset. Hence, they influence decisions about commodities such as oil, gold, and agricultural products.

Relationship Between Spot Price and Future Price

The linkage of spot prices and future prices is very crucial to determine how the market operates. The future price refers to the agreed-upon price to deliver a commodity on a specified date in the near or far future. Basically, future prices may either be higher or lower than spot prices considering several factors:

  • Contango: Future prices are relatively higher than the current spot prices. This is when the market feels that in the future, there will be a demand or a shortage.
  • Backwardation: It is a condition in which the price of a commodity that's going to be delivered during some future date is less than the current spot price, which often reflects anticipation of dwindling demand or oversupply in the market.

Carrying costs, such as warehousing and insurance, and also macroeconomic variables, like interest and seasonality, may influence this relationship. Traders monitor these price relationships so they can exploit their misalignments through strategies like arbitrage.

Relationship Between Spot Price and Strike Price

The movement of the spot price relative to the strike price determines the profitability of an options contract. For it to be profitable at expiration, the spot price must break or go above the strike price in the case of a call. For a put, the spot price has to be below the strike price. In this way, spot and strike prices interplay to determine the intrinsic value of an option and influence trading strategies

FAQs

Is MCX on today?

MCX operates from Monday to Friday and is closed on weekends. It may be closed on federal holidays. To obtain more exact information, you can visit the official website or check notice boards at an exchange.

What is the daily spot rate?

The daily spot rate is the price quoted at the end of each trading day for a commodity or asset. This rate serves as a benchmark for transactions and brings to the books the closing market conditions for that day.

Which is better, MCX or NCDEX?

MCX and NCDEX belong to two different types of markets. They also deal with two completely different varieties of commodities. While MCX is somewhat inclined towards metal and energy, NCDEX has specialisations in agricultural products. The right one depends on what a trader feels like focusing on and what varieties of commodities they are interested in trading.

How is the spot price determined?

The spot price is established based on the levels of demand and supply in the market. Fluctuations are caused by varied factors like production levels, geopolitical events, and the release of economic data.

Why is the spot price important?

The spot price provides a benchmark from which any subsequent future contracts and options are priced. It gives an idea of the prevailing market perceptions about an asset, especially its value, and, therefore, helps traders make decisions on whether to trade instantly or subsequently.

Why is the spot price lower compared to the future price?

The spot price might be less than the futures price because of carrying costs (storage, insurance, and financing), expectations of future price rises, or supply shortages that are expected to occur in the near future. Such a condition is known as contango, which is revealed if the market expects prices to rise in the future.

Invest wise with Expert advice

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