how to convert forex gold rate to MCX gold rate

#1
Hai

I would like to convert forex gold rate to Mcx gold rate pls let me know.
i would like to convert not only gold, if posibe pls give formuas for conversition for gold, silver, copper, crudeoil.
 

mehtaka

Active Member
#2
hello,
First of all its not forex..for bullion its commex and crude it nymex, I knowthe calculation for bullion and crude, below are the calculation
gold= gold in $ * inr* 32.15
Sil = sil in $ * inr* 32.15
(1 kg = 32.15 oz)
Crude = crude in $ * inr

these are simple calculation...if u want u can add insurance + import chrgs+sales tax..etc... which will give u landing cost of gold in india.(which i dont think its need , if u are trading only)

hope u got me.
 

rpc

Active Member
#3
hello,
First of all its not forex..for bullion its commex and crude it nymex, I knowthe calculation for bullion and crude, below are the calculation
gold= gold in $ * inr* 32.15
Sil = sil in $ * inr* 32.15
(1 kg = 32.15 oz)
Crude = crude in $ * inr

these are simple calculation...if u want u can add insurance + import chrgs+sales tax..etc... which will give u landing cost of gold in india.(which i dont think its need , if u are trading only)

hope u got me.
hi mehtaka
thks for the info.
 
#4
dear mehta gold in nymex is traded in tri onz and not in onz and 1kg=32.15 tri onz and the lot size of gold in nymex comex is 100 tri onz which equalls around 3.12 kilograms
 
#7
what u mean about inr.
pleas give one examle
hello,
First of all its not forex..for bullion its commex and crude it nymex, I knowthe calculation for bullion and crude, below are the calculation
gold= gold in $ * inr* 32.15
Sil = sil in $ * inr* 32.15
(1 kg = 32.15 oz)
Crude = crude in $ * inr

these are simple calculation...if u want u can add insurance + import chrgs+sales tax..etc... which will give u landing cost of gold in india.(which i dont think its need , if u are trading only)

hope u got me.
 
#10
hello,
First of all its not forex..for bullion its commex and crude it nymex, I knowthe calculation for bullion and crude, below are the calculation
gold= gold in $ * inr* 32.15
Sil = sil in $ * inr* 32.15
(1 kg = 32.15 oz)
Crude = crude in $ * inr

these are simple calculation...if u want u can add insurance + import chrgs+sales tax..etc... which will give u landing cost of gold in india.(which i dont think its need , if u are trading only)

hope u got me.
this can be possible on Amibroker auto generate through AFL
 

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