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Commodity

NCDEX

Welcome to the National Commodity and Derivative Exchange of India, an online platform for commodity trading in India. This exchange is promoted by some of the leading financial institutions in the country, including NSE, ICICI Bank, LIC, PNB, CRISIL, NABARD, IFFCO, and Canara Bank. As a de-mutualised exchange, it operates on a self-regulatory model, providing a transparent and efficient marketplace for buyers and sellers to trade commodities. Let's dive deeper into the world of commodity trading and explore the various terms and concepts associated with it.

Beneficiary Account

A beneficiary account, much like a bank account, is a Demat account that can be held by an individual or a corporate entity. It can also be held jointly by multiple parties,...

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Delivery date

The delivery date, also known as maturity date or expiration date, refers to the specific day in a month when commodities, in accordance with a futures contract, must be phy...

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GNP

(GNP) is a measure of a country's economic output, including the value of goods and services produced by its citizens, both domestically and abroad. It is an important indica...

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Closing Price

Commodity prices are determined by the forces of supply and demand, which can fluctuate throughout the day. The closing price is the final value of a commodity at the end of...

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