Multi Commodity Exchange (MCX) is an independent commodity exchange in India. It was established in 2003 and is based in Mumbai. This is the different market in its own way for many reasons and also you will find it most interesting and charming.It had a turnover of INR 32 Trillion for the period of April-December 2008.Surprised??? Well ,this is a fact and there are lot many real facts which force to think seriously about this another ever changingstock market.
MCX provides trading in various commodities like
METAL ,BULLION ,FIBER ,SPICES ,PULSES ,CEREALS,ENERGY
Out of which Bullion market is on boom which consits of GOLD and SILVER. Another known fact is that Gold and Silver is the oldest way of trading and it is in the trend from then, when there were no existence of MCX. Hence ,people and trader both are well familiar as well as comfortable with this commodity .Gold is the oldest precious metal known to men and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty and for beauty.
That is why ,we phrase it as GOLD FOREVER and it will always be. TRADING IN MCX has always been a deal of profit and specially in GOLD just because of its reason of popularity and major characteristics which it posses-
Gold is unique as it is both a commodity and a monetary asset.
Its stability and high value makes it virtually indestructible and ensures that it is always recovered and recycled.
There is no true consumption of gold in the economic sense as the stock of gold remains essentially constant while ownership shifts from one party to another.
Although gold mine production is relatively inelastic, recycled gold (or scrap) ensures there is a potential source of easily traded supply when needed, and this helps to stabilise gold price.
Economic forces that determine the price of gold are different , and in many cases opposed to the forces that influence most financial assets.
MCX trading is basically for those who can hold their positions for long, i.e. Long term investment is required in MCX trading. Gold has always been a rich commodity product and playing with gold is golden.
