Commodity prices in ₹ (indicative)
International gold, silver, crude oil, natural gas and copper futures prices, converted to rupees at the current USD/INR rate — so you can see roughly what the global price means in ₹.
These are not MCX or jeweller prices. They are international futures prices (COMEX and NYMEX) multiplied by the USD/INR rate. They exclude import duty, GST, and local premiums or discounts, so Indian market prices are usually different — and jewellery prices also add making charges. Read why in MCX gold vs global gold prices, and see our data sources.
| Commodity | International (USD) | In ₹ (indicative) | Today | 5 days |
|---|---|---|---|---|
| Gold (24K equivalent) GC=F · ₹ = USD/oz × USD/INR ÷ 31.1034768 × 10 22K estimate: ₹1,12,894 per 10 g (24K × 22/24 purity ratio) | $4,024.8 per troy oz | ₹1,23,157 per 10 g | ▼ 0.34% | |
| Silver SI=F · ₹ = USD/oz × USD/INR ÷ 31.1034768 × 1000 | $54.02 per troy oz | ₹1,65,283 per kg | ▼ 0.60% | |
| Crude oil (WTI) CL=F · ₹ = USD/barrel × USD/INR | $101.43 per barrel | ₹9,654 per barrel | ▼ 0.32% | |
| Natural gas NG=F · ₹ = USD/MMBtu × USD/INR | $3.04 per MMBtu | ₹288.95 per MMBtu | ▲ 0.46% | |
| Copper HG=F · ₹ = USD/lb × USD/INR ÷ 0.45359237 | $6.55 per lb | ₹1,375 per kg | ▲ 0.16% |
How the conversion works
Gold and silver trade internationally in US dollars per troy ounce, and one troy ounce is 31.1034768 grams. To get a rupee price per 10 grams of gold, we multiply the dollar price by the USD/INR rate, divide by 31.1034768 to get the price of one gram, and multiply by 10. Silver uses the same steps per kilogram. Copper is quoted per pound, so we divide by 0.45359237 to get a kilogram. Crude oil and natural gas keep their international units — a barrel and an MMBtu — and are simply converted at the exchange rate. The 22-carat figure is the 24-carat estimate scaled by 22/24 for purity; it is a rough guide, not a quoted price.
Why the price in India is different
The rupee price you see on MCX or at a jeweller starts from the same international benchmark but adds costs this page leaves out: import duty, GST, transport and insurance, and a local premium or discount that moves with Indian demand. Contract details differ too — an MCX contract has its own lot size, delivery terms, and trading hours. Treat the numbers here as the international reference, not as a quote you could buy at.
How the rupee moves the price
Because the conversion multiplies by USD/INR, a weaker rupee raises the rupee price of gold even if the dollar price doesn't change, and a stronger rupee lowers it. On some days the currency move and the commodity move cancel out; on others they add up.
What tends to drive each commodity
- Gold — interest rates, the US dollar, central-bank buying, and demand for a perceived safe haven during uncertainty.
- Silver — part precious metal, part industrial input (electronics, solar panels), so it often swings more than gold.
- Crude oil — global supply decisions, inventories, economic growth, and geopolitical disruptions to supply routes.
- Natural gas — weather, storage levels, and regional supply, which makes it one of the most volatile commodities.
- Copper — construction, power grids and manufacturing demand, which is why it is often read as a gauge of the global economy.
These are general influences, not forecasts. Prices are delayed and indicative.