Open
77,551.00
High
77,740.00
Low
77,510.00
Close
77,486.00
Ask Price
77,575.00
Ask qty
3.00
Volume
963.00
Market Lot
1.00
Change in OI
120.00
Bid Price
77,563.00
Bid Qty
1.00
OI
13,295.00
ATP
77,627.06
Open Interest | Volume | Premium | Strike | Premium | Volume | Open Interest |
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Gold is a safe-haven asset that typically retains value during periods of economic instability. It provides valuable diversification benefits and offers a hedge against inflation. It is also a liquid investment that can be bought and sold easily. For these reasons, investing and trading in gold commodities — whether in the spot or the derivatives market — is a popular choice.
Gold is generally considered a good investment because it is considered to be a hedge against inflationary pressures. It also helps protect your portfolio against market volatility to a certain extent. Since the precious metal tends to retain its value even during periods of economic downturns, many people include gold in their portfolios as a safety measure.
Yes, gold trading can be a lucrative option if you time the market right and capitalise on the price fluctuations smartly. However, it also involves risks like market volatility and leverage. Your success in the markets depends on how well you understand the trend and how reliable your strategy is.
To trade gold on the Multi Commodity Exchange (MCX), you need to first open a trading account with a registered brokerage service provider. Then, analyse trends in gold prices and use the MCX trading platform to buy or sell gold futures or options contracts. Monitor your open positions and exit them when the price hits the stop-loss limit or the take-profit limit.
The margin required for trading gold on the MCX depends on the market conditions, volatility and contract size. You can check with your broker about the margin required for your trade. Alternatively, you can use a margin calculator for more clarity.