MCX Commodity Prices Today
Live spot prices for Gold, Silver, Crude Oil and Natural Gas as of 25 June 2026. Prices update through the trading day.
Crude Oil
CRUDEOIL
Spot Price
₹6,802
Gold
GOLD
Spot Price
₹1,43,200
Silver
SILVER
Spot Price
₹2,20,940
Natural Gas
NATURALGAS
Spot Price
₹313.9
Crude Oil Mini
CRUDEOILM
Spot Price
₹6,813
Gold Mini
GOLDM
Spot Price
₹1,41,398
Silver Mini
SILVERM
Spot Price
₹2,20,900
Natural Gas Mini
NATGASMINI
Spot Price
₹314.6
What are MCX commodity spot prices?
The Multi Commodity Exchange (MCX) is India's largest commodity derivatives exchange. The spot price is the current cash price at which a commodity such as gold, silver, crude oil or natural gas can be bought or sold for immediate delivery. Spot prices move through the trading day with global cues, currency rates and demand.
Looking for retail gold & silver rates?
MCX prices are wholesale/futures-linked. For city-wise retail prices per gram, check the gold rate and silver rate pages, updated daily for all major Indian cities.
How each commodity works in the market
Gold
Gold is the classic safe-haven asset and a hedge against inflation. In India it drives enormous jewellery and festive/wedding demand, while central banks hold it as reserves. MCX gold tracks global spot gold and is driven by the US dollar, US Federal Reserve interest-rate decisions, inflation expectations, geopolitical tension and the rupee. When markets turn risk-averse or the dollar weakens, gold typically rises.
Silver
Silver has a dual identity — a precious metal and a critical industrial input for solar panels, electronics and EVs. It usually moves in the same direction as gold but is more volatile. Prices respond to industrial demand, the gold-silver ratio, the US dollar, interest rates and mine supply. A boom in green-energy manufacturing tends to lift silver.
Crude Oil
Crude oil is the world's most important energy commodity and a major driver of inflation, since fuel and transport costs ripple across the whole economy. MCX crude tracks global benchmarks and reacts to OPEC+ production decisions, global demand growth, US inventory data, geopolitical events in producing regions and the dollar. Supply cuts or conflict usually push prices higher.
Natural Gas
Natural gas powers electricity generation, heating, fertilisers and industry. Its price is highly seasonal and weather-sensitive — cold winters and hot summers spike demand. Key drivers include storage and inventory levels, production output, LNG export flows and supply disruptions, which together make it one of the most volatile commodities on the exchange.
Mini contracts: Gold Mini, Silver Mini, Crude Oil Mini and Natural Gas Mini track the same underlying commodities in smaller lot sizes, letting retail traders participate with lower margins.
Insights & Questions
Everything you need to know to make better financial decisions.
The Multi Commodity Exchange of India (MCX) is the country's largest commodity derivatives exchange, regulated by SEBI. It lists futures contracts on commodities such as gold, silver, crude oil and natural gas, along with smaller 'mini' versions of each.
The spot price is the current price for immediate delivery, while a futures price is the agreed price for delivery on a future date. Spot reflects the live market; futures additionally factor in carrying costs, interest and market expectations, so the two can differ.
Both are precious metals and react to the same macro factors — the US dollar, interest rates and risk sentiment. However, silver is also an industrial metal, so it is more volatile and can diverge from gold during industrial booms or slowdowns.
Global benchmarks (Brent and WTI), OPEC+ supply decisions, demand trends, US inventory data, geopolitical events and the USD/INR exchange rate. Because India imports most of its oil, a weaker rupee makes crude costlier in rupee terms even if the dollar price is flat.
Mini contracts such as Gold Mini, Silver Mini, Crude Oil Mini and Natural Gas Mini track the same underlying commodities in smaller lot sizes. They let retail traders take positions with lower capital and margin requirements.
Global commodities are priced in US dollars, so MCX prices in rupees are influenced by the USD/INR rate. A weaker rupee raises the rupee price of imported commodities like crude oil and gold even when the global dollar price is unchanged.
MCX commodity trading typically runs from 9:00 AM to 11:30 PM (extended to 11:55 PM during US daylight-saving time). The spot prices on this page update through the trading session.