|Ounce||Indian rupee||Indian rupee||Ounce|
|1 Ounce =||71124.6 INR||1 INR=||1.0E-5 Ounce|
|2 Ounce =||142249.19 INR||2 INR=||3.0E-5 Ounce|
|5 Ounce =||355622.98 INR||5 INR=||7.0E-5 Ounce|
|10 Ounce =||711245.96 INR||10 INR=||0.00014 Ounce|
|20 Ounce =||1422491.91 INR||20 INR=||0.00028 Ounce|
|25 Ounce =||1778114.89 INR||25 INR=||0.00035 Ounce|
|50 Ounce =||3556229.78 INR||50 INR=||0.0007 Ounce|
|100 Ounce =||7112459.57 INR||100 INR=||0.00141 Ounce|
|1000 Ounce =||71124595.65 INR||1000 INR=||0.01406 Ounce|
India is the largest importer of gold, which is mainly used to meet demand of the jeweler industry. In India, gold is religion. Its culture and mythology embrace gold. The Indian consumers purchase gold for special occasions, such as weddings, birthdays, providing gold for Indian deities, or celebrating various festivals. Generally, purchasing gold is mainly all over India for the Diwali festival (around October to November). For Indians, the gold not only adorns their bodies, but also acts as a good investment to ensure their lives.
Multi Commodity Exchange of India Ltd (MCX) is a very specific and formal multi commodity exchange, also is a state-of-the-art electronic commodity futures exchange, headquartered in Mumbai, India. It was formed in 2003. MCX provides more than 40 commodities across various segments on its platform, such as bullion, energy, ferrous and non-ferrous metals and a number of agricultural commodities. As for as the number of futures contracts trading to be concerned, MCX is the world's largest exchange in silver, the second largest in gold, copper and natural gas.
Trading hours: 10:00 a.m. - 11:30 p.m. (from Monday to Friday) 10:00 a.m. - 2:00 p.m (Saturdays)
National Commodity & Derivatives Exchange Limited (NCDEX) is a professionally managed on-line multi commodity exchange which was formed in 2003, located in Mumbai, India. It offers facilities in more than 550 centres in India committed to offer a world-class commodity exchange platform for market participants. The shareholders of NCDEX include Jaypee Capital, National Stock Exchange of India (NSE), Canara Bank, Goldman Sachs, Renuka Sugars, Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), Punjab National Bank (PNB), CRISIL Limited, Indian Farmers Fertiliser Cooperative Limited (IFFCO), IntercontinentalExchange (ICE).
Trading hours: 8:30 AM – 7:00 PM (from Monday to Friday) 8:30 AM – 3:00 PM (Saturday)