- Thread starter rmrtn1981
- Start date

Simply multiply comex ounce gold rate by USDCNY rate which is 6.11 currently

So if you multiply current gold rate in USD which is 132x with rate 6.1166

it gives you rate in CNY =8053.7 per ounce, keeping other factors as constant as they don't change daily.

Hope it helps.

So if you multiply current gold rate in USD which is 132x with rate 6.1166

it gives you rate in CNY =8053.7 per ounce, keeping other factors as constant as they don't change daily.

Hope it helps.

how will you calculate MCX Gold price and Silver price?

So in short MCX rate(10 grams) = (comex price / 31.1034768 x usdinr) + Taxes(take it as constant for easier calculation).

If you notice on terminal under "commodity exchange messages" parity price(conversion equation) which is the same for any commodity is given daily.

Hope this info helps.

Thread starter | Similar threads | Forum | Replies | Date |
---|---|---|---|---|

json to csv converter | Software | 5 | ||

V | Convert matatrader (MQ4) to Amibroker. | AmiBroker | 2 | |

J | Gold rate converting formula | Metals | 6 | |

B | how to convert forex gold rate to MCX gold rate | Commodities | 9 | |

B | how to Converting forex gold rate to MCX gold rate | Forex | 6 |