Market structure

COMEX vs MCX Gold Price Difference

COMEX gold and MCX gold are connected, but they are not identical. Learn why global USD futures and Indian rupee exchange references can diverge.

Reference	Value	Note
COMEX reference	$4,513.40 / oz	Global USD futures/spot reference
India reference	Rs 138,804 / 10g	Currency-converted reference
USD/INR	95.66	Primary India conversion factor
Gold/Silver ratio	59.80	Relative metals context

Why COMEX and MCX can differ

COMEX gold is generally read as a global dollar reference, while MCX gold is an India exchange context in rupees. The two markets are connected through global spot, USD/INR, contract specifications, taxes, premiums, and settlement timing.

Even when global gold is flat, a weaker rupee can lift India gold prices. When the rupee strengthens, India prices may soften even if dollar gold is steady. Duty, GST, liquidity, and local premiums can add further differences.

Key checks

Global gold move in USD
USD/INR move
India duty and premium context
Contract expiry and settlement timing

Live chart

USD INR impact on India gold price chart

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Educational market intelligence only. Not SEBI registered investment advice. Not personalized financial advice. No trade calls, entry levels, or exit levels are provided. India prices shown here are currency-converted references from public spot feeds; MCX settlement prices may differ.