Comex Gold (traded on the CME Group’s COMEX division in New York) is the world’s most important gold futures benchmark. It is the reference price used by international bullion banks, central banks, and institutional investors to price physical gold globally.
Comex Gold – Live Futures Price
🥇 Comex Gold - Live Futures Price
≈ ₹446,909.23/troy oz | Updated: 10-05-2026 11:31 IST
| Price (USD) | $4730.7/troy oz |
| Previous Close | $4730.7 |
| Change | +${chg} (+0%) |
| INR Equivalent | ₹446,909.23/troy oz |
| Per 10g (approx) | ₹139,007.54 |
| Exchange | COMEX (CME Group) |
Comex Gold vs MCX Gold: Key Differences
- Comex Gold (GC=F): Traded in USD per troy ounce on COMEX (New York). Standard lot = 100 troy oz. Global benchmark.
- MCX Gold: Traded in INR per 10 grams on MCX (India). Standard lot = 1 kg. India-specific pricing with INR impact.
- Relationship: MCX gold = Comex gold x USD/INR x (10/31.1035) + import duty + local charges
Track India-specific MCX rates on our Gold Rate Forecast page.
What Drives Comex Gold Prices?
- US Dollar Index (DXY): Gold moves inversely to the dollar — dollar weakness pushes gold higher
- Federal Reserve Policy: Rate cuts reduce dollar strength and boost gold; rate hikes have the opposite effect
- Geopolitical Risk: War, instability, and financial uncertainty drive safe-haven gold demand
- Central Bank Buying: Sovereign reserve accumulation creates persistent structural demand
- Inflation: Gold is a traditional inflation hedge — rising CPI typically lifts gold prices
Comex Gold Futures: Contract Specifications
- Ticker: GC (standard), QO (mini, 50 oz), MGC (micro, 10 oz)
- Standard contract size: 100 troy ounces (approximately 3.11 kg)
- Pricing unit: USD per troy ounce
- Minimum price move: $0.10 per troy ounce ($10 per contract)
- Delivery months: February, April, June, August, October, December
- Trading hours: Sunday to Friday, 6:00 PM to 5:00 PM ET (23 hours/day)
How to Convert Comex Gold Price to INR per 10 Grams
To convert the Comex gold price (USD per troy ounce) to MCX-equivalent INR per 10 grams, use this formula: INR/10g = Comex Price (USD/troy oz) x USD/INR rate / 3.1035. After this conversion, add approximately 15% for import duty and 3% for GST and other charges to arrive at the approximate MCX gold price. The widget above displays this conversion automatically.
Gold Price Forecast 2026: What International Analysts Are Saying
- Goldman Sachs: Maintained a $3,300-3,500/oz target for 2026 driven by central bank buying and rate cut expectations
- World Gold Council: Projects continued institutional inflows into gold ETFs as risk diversification
- JP Morgan: Highlighted geopolitical uncertainty and de-dollarization trends as structural gold demand drivers
- India context: If Comex reaches $3,500+, MCX gold could approach Rs 1,60,000-1,70,000 per 10g depending on USD/INR
For daily MCX gold forecasts with support/resistance levels, visit our Gold Rate Forecast page. Check our live gold calculator for real-time INR conversions.
Frequently Asked Questions (FAQs) – Comex Gold Price
What is Comex Gold price today in India (INR)?
The live Comex gold price in INR equivalent is shown in the widget above. It is calculated as: Comex price (USD/troy oz) x current USD/INR rate. Note: MCX gold will differ because it includes import duty (~15%), GST, and freight charges — typically MCX gold is 18-22% higher than the pure INR conversion.
How many grams is a troy ounce?
One troy ounce = 31.1035 grams. To convert Comex gold (USD/troy oz) to INR per 10 grams: multiply by USD/INR rate, then divide by 3.1035. The widget above performs this calculation automatically.
Can I trade Comex gold from India?
Indian residents can trade MCX gold futures (which tracks Comex) domestically through SEBI-registered brokers. Direct Comex trading requires a foreign broker account subject to FEMA regulations. Most Indian traders use MCX gold futures for domestic participation.
Why is the MCX gold price different from Comex gold in INR?
MCX gold = Comex price x USD/INR + import duty (15%) + IGST (3%) + freight and insurance. Additionally, MCX quotes prices in INR per 10 grams while Comex quotes USD per troy ounce (31.1g). The combined effect of duties makes MCX gold significantly higher than a simple currency conversion.
What is the all-time high for Comex gold?
Comex gold reached an all-time high above $3,500 per troy ounce in 2025, driven by central bank buying, Federal Reserve rate cut expectations, and geopolitical safe-haven demand. For India, this translated to MCX gold above Rs 1,50,000 per 10 grams.
How does the US Federal Reserve affect gold prices?
The Fed’s interest rate decisions directly impact gold. When the Fed cuts rates, bond yields fall and the USD weakens, making gold more attractive as a non-yielding asset. Rate hikes have the opposite effect. Gold investors closely watch FOMC meeting outcomes, inflation (CPI) data, and Fed Chair statements for clues on rate direction.
What is the difference between gold spot price and gold futures price?
Spot price is the current price for immediate delivery of physical gold. Futures price is the agreed price for delivery at a specified future date. Futures typically trade at a premium to spot (contango) due to financing and storage costs. The difference narrows as the contract approaches expiry.
Is Comex gold a reliable indicator for Indian gold prices tomorrow?
Yes — Comex gold is the primary overnight driver of MCX gold prices. When Indian markets are closed (night-time), international gold prices can move significantly on US economic data releases (CPI, jobs report, FOMC decisions). Checking Comex prices before MCX opens gives a good indication of the opening direction.
What percentage of MCX gold price movement comes from Comex?
Typically, 70-80% of MCX gold’s daily price movement is explained by Comex gold price changes. The remaining 20-30% comes from USD/INR currency movement and local Indian demand-supply factors. On days with significant currency moves, the rupee effect can temporarily override the Comex signal.
How can I hedge against gold price risk in India?
Indian investors can hedge gold price exposure through MCX gold futures (sell futures to lock in a price), by holding Sovereign Gold Bonds (which earn 2.5% interest and are redeemed at prevailing gold prices), or through Gold ETFs with stop-loss orders. For traders with a short time horizon, gold options on MCX offer limited-risk hedging.
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