Indian Commodities Market 2024: Trends, Analysis & Future Outlook for Gold, Oil & Agri Trading

Indian Commodities Market Report

Last Updated: October 2023

Market Overview

India's commodities market has emerged as one of the world's fastest-growing markets, with daily turnover exceeding ₹15,000 crore. The market comprises:

  • Multi Commodity Exchange (MCX) - 93% market share
  • National Commodity and Derivatives Exchange (NCDEX)
  • Indian Commodity Exchange (ICEX)
  • National Multi Commodity Exchange (NMCE)

Key Commodity Segments

Category Major Commodities Market Share
Metals Gold, Silver, Copper, Zinc 42%
Energy Crude Oil, Natural Gas 35%
Agri Commodities Guar Seed, Cotton, Soybean 18%
Others Plastic, Carbon Credits 5%

Recent Trends (2023)

  • Gold prices volatility due to global economic uncertainty
  • Crude oil prices fluctuating between ₹6,800-7,400 per barrel
  • Increased participation from retail investors (up 58% YoY)
  • Growing interest in green energy commodities

Regulatory Framework

The market is regulated by SEBI (Securities and Exchange Board of India) with:

  • Position limits for traders
  • Daily price bands (2-4%)
  • Enhanced risk management systems
  • Mandatory delivery settlements for certain contracts
Disclaimer: This report contains original analysis based on publicly available data. No copyright infringement intended. Prices mentioned are for informational purposes only.

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