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Trade on MCX

Trade smart with a trusted commodity broker

Invest in the commodity market and make the most of your trades with advanced tools and strategies designed for smarter decisions.

MCX
Exchange
Bullion · Metals · Energy
Categories
Futures & Options
Instruments
Extended
Trading hours
What is Commodity Trading

Exploring the dynamic landscape of commodities

A commodity is any tangible good, product or material that can be bought and sold. According to the Securities Contracts (Regulation) Act, 1956, "goods" means every kind of movable property other than actionable claims, money and securities. Grains, Gold, Crude Oil, Copper and Natural Gas are some examples of commodities.

A derivative is a financial instrument whose value is based on an underlying asset such as equities, currency or commodities. The most common derivative instruments are forwards, futures, options and swaps.

Futures Trading — buying or selling a commodity at a predetermined price and date in the future. Futures contracts are standardised, traded on exchanges, and require margin deposits.

Options Trading — gives the buyer the right, but not the obligation, to buy or sell a commodity at a specific price and date; used for hedging or speculation.

  • Access MCX commodity contracts
  • Bullion, base metals & energy
  • Live prices & charts
  • Guidance from your dedicated RM
PCJ Invest app
In Depth

Understanding Commodity in detail

How commodity trading works

On the Multi Commodity Exchange (MCX) you trade standardised futures and options on commodities such as gold, silver, crude oil, natural gas and base metals. Each contract has a fixed lot size, an expiry date and a margin requirement; most retail participants square off or roll over positions before expiry.

Why add commodities

Commodities often move differently from equities, which can add diversification to a portfolio. Bullion is widely used as a hedge against inflation, and businesses use commodity derivatives to manage input-cost risk.

The main categories

Bulliongold and silver
Energycrude oil and natural gas
Base metalscopper, zinc, lead and aluminium

Select agri commodities are also available.

What moves commodity prices

Global demand and supply, the US dollar, geopolitics, weather and inventory levels all play a role. Commodities can be volatile, so keep position sizes sensible and use risk controls.

Know the Essentials

Understanding Commodity

Bullion

Gold & silver — popular hedges against inflation and portfolio diversifiers.

Energy

Crude oil & natural gas — sensitive to global supply, demand and geopolitics.

Base Metals

Copper, zinc, lead and aluminium — track industrial and construction demand.

Why PCJ

Why Trade Commodities with PCJ

MCX Access

Trade India’s leading commodity exchange.

Diversification

A different dimension beyond equities.

Hedging

Manage price risk on real exposures.

Tools & Charts

Advanced tools and historical data.

On the PCJ Invest App

Tools You Get With PCJ

Strategy Builder

Build option strategies with pay-off charts & Greeks.

Market Depth

Live bid/ask, 52-week range, volume & OI.

Basket & SIP

Order multiple stocks or set SIPs in one go.

Smart Alerts

Price alerts so you never miss a move.

Charts & Data

30 years of history, ratios & indicators.

Safe & Secure

NSDL demat, OTP-based pledges & alerts.

Compare

Futures vs Options (Commodity)

Futures

ObligationYes
UpfrontMargin
SegmentsBullion · Energy · Metals
Common useHedge / view

Options

ObligationNo — a right only
UpfrontPremium (for buyers)
SegmentsBullion · Energy · Metals
Common useHedge / strategies
Getting Started

Begin in Three Simple Steps

Open your account

Complete a 100% online, paperless Demat & Trading account in about 10 minutes.

Meet your RM

Get a dedicated Relationship Manager for guidance and service support.

Start with Commodities

Choose a commodity contract, review the data, and place your order.

Good to Know

Commodity — Frequently Asked Questions

Bullion (gold, silver), base metals (copper, etc.) and energy (crude oil, natural gas) on the MCX, among others.

No — commodity trading is available within your PCJ trading account, subject to segment activation.

Most retail contracts are cash-settled or squared off before expiry; margins apply as per exchange norms.

MCX offers extended hours, typically into the evening, which is useful as global markets move. Check current session timings in the app.

Most retail participants square off or roll over before expiry; some contracts are deliverable. Always check the contract specification first.

Commodity futures require exchange-mandated margins that vary by commodity and prevailing volatility.

Futures and options are contracts whose value depends on an underlying asset — a stock, index, commodity or currency pair. A future is an agreement to buy or sell at a fixed price on a future date. An option gives you the right — but not the obligation — to do so, for a price called the premium. They are tools for hedging and trading, and they carry leverage, which magnifies both profit and loss.

Very. SEBI's own study found that about nine out of ten individual F&O traders lost money, with sizeable average losses. Leverage means a small market move against you can wipe out a large part of your capital. If you still want to trade derivatives, start small, learn payoff structures, always use stop losses, and never trade with money you cannot afford to lose.

Margin is the deposit the exchange requires you to keep with the broker to take a leveraged position. It ensures you can honour your obligations if the market moves against you. Margins change with volatility, and if your losses eat into the margin, you get a margin call asking for more funds — failing which the position may be squared off.

SEBI requires brokers to collect income proof before activating derivative segments because F&O involves leverage and is suitable only for investors who can bear the risk. A recent salary slip, six months' bank statement, ITR acknowledgement or demat holdings statement usually works.

Muhurat trading is a special one-hour trading session that exchanges hold on Diwali evening, considered an auspicious time to invest. The exact timing is announced by NSE and BSE each year. It is a symbolic session — liquidity is thinner than normal hours, so trade thoughtfully.

There is no minimum. You can buy a single share, and many good companies trade at modest prices. If you prefer mutual funds, SIPs start from as little as ₹500 a month. What matters is starting early and staying regular — the amount can grow with your confidence.

Ready to begin your PCJ journey?

Open a 100% online Demat & Trading account, or book a private consultation with a dedicated Relationship Manager.