Similar to Share trading, commodity trading works in the same mechanism. Just like the stock market, a commodity exchange serves as a marketplace for buyers and sellers to engage in trading commodities directly.Some of the most common commodities traded around India include metals like gold, silver,copper, etc.; energy products like oil, gas, etc.; agricultural outputs like corn,sugar, coffee, cotton, etc. The prices of these commodities are determined mainly by the supply and demand of these goods in India.
There are two major national commodities exchanges in India. These are National Commodity and Derivatives Exchange Ltd (NCDEX) and Multi Commodity Exchange of India Ltd. (MCX)
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