Live MCX and NCDEX is your easier way into trading and market world. With just one touch, access the live rates of commodities without wasting your time on setting up profiles and creating accounts. With one finger touch get updated with the different precious and day to day commodities and currency prices and exchange rates hasslefree.Being an investor as well as customers in this faster growing globalization, knowing about the current prices of the commodities of day to day lives as well as the exchange rates are vital for the purpose of trading, investing and business of our day to day lives.With one touch you get the live and constantly updated prices of commodities like castor,chana, moong and also precious commodities like gold, silver, copper etc.Commodities like food, crude oil, gold, silver and other metals plays an important role in everyday life. NCDEXNCDEX or National Commodity and Derivative Exchange Limited is an online multi commodity trading exchange that allows trading in agriculture commodities like oil, wheat, soyabean, etc.Here are the products traded on NCDEX: Cereals and pulses: Barley, chana, maize kharif, maize rabi, wheat, moong, paddy (basmati)Fibres: Kapas and 29 mm cottonGuar complex: Guar seed and guar gumOil and oil seeds: castor seed, cotton seed oil cake, soy bean, refined soy oil, mustard seed and crude palm oilSugarSpices: Pepper, turmeric, jeera and corianderMCXMCX or Multi Commodity Exchange is another commodity exchange that opens the gateway to trade-in gold, silver, and other precious commodities thus offering a big return in trading.
COMMODITY FOCUS ON PRECIOUS METALSIn terms of commodity trading, there are two precious metals that are available trade viz. Gold and Silver. Of course, there are variants like Gold Mini, Silver Mini, Gold Guinea, GoldPetal etc.COMMODITY FOCUS ON BASE METALSAluminium prices on the MCX are largely driven by international prices on the LME.Copper is the second most used base metal after steel and aluminium in terms of applications.Lead is protected from radiation and finds wide application in batteries.Nickel is lustrous and nearly 65% of nickel in the world is used to manufacture stainless steel.Zinc is highly resistant to acidic corrosion and finds application in buildings.Currency and exchange ratesAn exchange rate is the rate at which one currency can be exchanged for another between nations or economic zones. It is used to determine the value of various currencies in relation to each other and is important in determining trade and capital flow dynamics.It is important because the exchange rate, the price of one currency in terms of another, helps to determine a nation’s economic health and hence the well-being of all the people residing in it.Commodity market is mainly used to manage risks caused due to price fluctuations. Exporters, importers, etc. benefit by trading in commodities.