Spot Market Prices in MCX

What is a Spot Market?

• Spot Market is also called as 'Cash Market' or 'Physical Market' because because prices are settled in cash on the spot at current market prices, as opposed to forward prices. Crude oil is an example of a future that is sold at spot prices but its physical delivery occurs in one month or less.

What is Spot Contract and Spot Price?

• Spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for Settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate). A spot contract is in contrast with a Forward contract or Futures contract where contract terms are agreed now but delivery and payment will occur at a future date.

The following chart shows a Spot prices of Commodities under MCX

Snapshot of MCX Spot Market Price

The Spot Price Chart for MCX provides the actual price of the Commodities with no Future Contract. The rate is decided as per International Price and is updated in accordance with it.

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