GOLD & SILVER Convertor

How to convert US comex Gold & Silver to MCX rate???
              Before that, we have to know about some of basic things.

• In US gold & Silver is quoted in Troy Ounce.
• In MCX Gold & Silver in quoted in Grams.
• One troy ounce is equal to 31.1034768 grams
• Here Gold unit is quoted as 10 Grams ,
• Silver is quoted as 1000 grams or 1kg 

Please take Comex gold, silver rate and $ Vs ₹ rate in the below mentioned tables. 
             US Comex gold & silver rate

             $ Vs ₹ Rate

Lat us see calculation formula,
                       Comex gold X ($ Vs ₹)
GOLD  Rate = ------------------------------ X10 = 916 grade or 22 carat
                             31.1034768   
 
Now convert 22 carat to 24 carat, that is MCX Rate

                          Gold rate
  Mcx Gold      =  ------------- X 100  + Time value
                            91.6
 For example:
        Comex gold 1326 ounce, $ Vs ₹ is 63 Now see the calculation,
                  1326 X 63
          =  -----------------X 10 =26858
                31.1034768
                   26858
Mcx Gold = ----------- X 100 =29321 + Time value.
                    91.6

============================

Same Formula has to follow for calculating MCX Silver also

                      Comex silver X ($ Vs ₹)
Silver  Rate = ------------------------------ X10 = 916 grade or 22 carat
                             31.1034768   

Now convert 22 carat to 24 carat, that is MCX Rate

                            Silver rate
  Mcx Silver      =  --------------- X 100  + Time value
                                91.6

 =============================

Thanks & Regards
NSEBSENOW-Team

+91-8973655142