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What is a commodity market?

A commodity market facilitates trading in various commodities. It may be a spot or a derivatives market. In spot market, commodities are bought and sold for immediate delivery, whereas in derivatives market, various financial instruments based on commodities are traded.

FAQs on Commodity

Can one give delivery against futures contract?

Can the loss incurred on the futures market be set off against normal business profit?

How are futures prices determined?

How does futures market benefit farmers?

How many commodities are permitted for Futures Trading?

What are standardized contracts?

What are the commodities Suitable for Futures Trading?

What are the trading hours?

What is a Futures Contract?

What is cash settlement?

What is convergence?

What is Warehouse Receipt?

What is `Backwardation`?

What is `basis`?

What is `Contango`?

Articles on Commodity

28 01 2019, 09:27

Investor Diaries: Here’s what a customer visit to a Tanishq outlet tells you -- that its financial statements won't

Based on my experience, I can confidently say, that unlike unorganized jewellers, Tanishq ...

21 02 2018, 09:27

Will gold remain a good investment bet in 2018 amid stock market volatility?

06 11 2017, 09:42

Should you invest in gold?

04 09 2017, 17:58

Divided OPEC to keep crude oil outlook dicey

08 08 2017, 16:09

Copper in 'bullish mood'; ended July with the best returns since January

10 07 2017, 14:13

Is OPEC now irrelevant in global crude oil business?

Commodity	Rs	(%Chg)	Unit
Gold - 5 Jun	59750.00	0.28	10 grams
Silver - 5 Jul	71973.00	0.86	kg
Crudeoil - 16 Jun	5918.00	1.54	barrel
Naturalgas - 27 Jun	181.40	0.78	mmbtu
Aluminium - 30 Jun	207.55	0.46	kg
Copper - 30 Jun	715.60	0.04	kg
Nickel - 30 Jun	0.00	100.00	kg
Lead - 30 Jun	182.60	0.80	kg
Zinc - 30 Jun	208.95	0.84	kg

International Prices

Commodity	USD	Chg	(%Chg)
Gold	1947.63	-30.25	1.53
Silver	23.59	-0.32	1.34
Brent Crude	76.40	2.12	2.85
Nymex Crude	71.87	1.77	2.52
Lme Aluminium	2047.25	-2.25	0.11
Lme Copper	8068.00	-20.00	0.25
Lme Lead	2301.75	-5.75	0.25
Lme Zinc	2034.75	-2.75	0.13

Gold Weight Conversion Table

To convert from	To	Multiply by
Troy ounces	Grams	31.1035
Million ounces	Tonnes	31.1035
Grams	Troy ounces	0.0321507
Kilograms	Troy ounces	32.1507
Tonnes	Troy ounces	32,150.70
Kilograms	Tolas	85.755
Kilograms	Taels	26.7172
Kilograms	Bahts	68.41
Troy ounces	Grains	480
Troy ounces	Avoirdupois ounces	1.09714
Troy ounces	Penny weights	20
Avoirdupois ounces	Troy ounces	0.911458
Short tonne	Metric tonne	0.9072