What moves commodity prices
Metals and energy are traded worldwide in US dollars, so prices in India depend on both the international price and the rupee–dollar rate. A weaker rupee makes imports like crude oil, gold and copper more expensive in India even when international prices are flat.
| Commodity | Market unit | Indian unit |
|---|---|---|
| Gold, platinum, palladium | US$ per troy ounce (31.1 g) | ₹ per 10 grams |
| Silver | US$ per troy ounce | ₹ per kg |
| Copper | US$ per pound (0.4536 kg) | ₹ per kg |
| Aluminium | US$ per tonne | ₹ per kg |
| Crude oil | US$ per barrel (159 litres) | ₹ per barrel |
| Natural gas | US$ per MMBtu | ₹ per MMBtu |
Import-heavy businesses should factor duty, GST and currency movements into pricing. Importers need an IEC and GST registration. Our team can help with both, plus GST returns.
Frequently Asked Questions
Are these MCX prices?
No. They are international prices (spot for precious metals and copper, futures for the rest) converted at the live rupee rate. MCX prices also include Indian duties and the domestic premium or discount.
How often are prices updated?
Every minute while the page is open. Futures prices can pause when international markets are closed, such as at weekends.
Why doesn't the rupee price include GST?
This table converts international prices directly so you can compare markets. For gold and silver prices with duty and GST, see the live gold and silver rate page.
Prices are indicative, from public market data, for information only. They may be delayed and are not an offer to buy or sell or investment advice.