MCX Gold refers to gold futures that are traded on the Multi Commodity Exchange (MCX) in India. Gold futures are a contract between two parties to exchange gold at a pre-decided rate and date in the future. MCX Gold is one of the most actively traded contracts on the MCX exchange, with ample liquidity and daily trades of roughly 15,000 contracts translating to a Rupee value of over 4500 Crore.

The price of MCX Gold is determined by trading activity, as well as a variety of other variables such as international gold price, USD-INR rate, import duty, and prevailing premium/discount, and troy ounce to grams conversion. The quoted unit for Gold in MCX exchange is 10 gms, and the price quotation is in Rupee per 10 grams inclusive of all taxes and levies relating to import duty.

To start trading in MCX Gold, one needs to open a commodity account with a broker who is registered with MCX. Brokers like Angel One can help to easily open such an account. In case one already has an equity trading account with the broker, they can simply activate their commodity segment to begin trading in MCX Gold.