How closing price is calculated on MCX?
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How closing price is calculated on MCX?
Closing Price is equal to weighted average price of all trades done during the last 30 minutes of a trading day. If the number of trades during last 30 minutes are less than 10, then it is based on the weighted average price of the last 10 trades executed during the day.
What is the best time frame for commodity trading?
Usually for intraday trading in MCX commodity market the best time to trade is from evening 6.00 pm to 9.00 pm. Most of the traders are busy in trading stock market from morning 9.15 am to 3.30 pm and many are busy in trading currency market which opens at morning 9.00 am and ends at evening 5.00 pm.
How is MCX calculated?
There is a standard formula for calculation of MCX Silver price. MCX Gold price is quoted in INR for 10 grams and Silver is quoted in 1 Kg. International Gold/Silver price is quoted in troy ounce.
How profit and loss is calculated in MCX?
Traders, One of the most commonly asked queries to our MCX commodity support team is how much money do I make or lose for every 1 Rupee movement in the commodity….MCX – Profit/Loss for every 1 Rs change.
| Underlying / Future | Trading Unit/Lotsize | Profit/Loss for every 1 Rupee Movement of Underlying |
|---|---|---|
| Non-Agri Commodities | ||
| ALUMINI | 1 MT | 1000 |
| ALUMINIUM | 5 MT | 5000 |
What is the closing time of MCX market?
All MCX intraday positions will be squared off 25 minutes before market close….MCX – Revision in Trading Hours.
| Particulars | Trade Start Time | Trade End Time |
|---|---|---|
| All Other Commodities | 09.00 AM | 05.00 PM |
How is the price of silver decided?
What determines silver price in India? Demand-supply situation plays a crucial role in determining the price of any commodity. Silver demand is underpinned by the demand from jewellery and silverware, industrial applications, and the overall industrial growth.