# How to calculate, Gold & Silver, international prices and MCX price, parity and disparity?
**URL:** https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457
**Category:** General
**Created:** [February 13, 2015, 4:34pm UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457 "2015-02-13T16:34:01Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@Tarzan](https://tradingqna.com/u/Tarzan)
#### Post date: [February 13, 2015, 4:34pm UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457/1 "2015-02-13T16:34:01Z")
Assume Gold is at $1229 an ounce and Silver at $16.98 an ounce in the international market. How much should the ideal MCX price be?
There is always a difference if I multiply the USDINR rate and try to calculate. So I am assuming there is more to it than just multiplying the USDINR rate with the Gold/Silver $ rate.
Any fixed formula to calculate this parity/disparity.
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### Author:  [@nithin](https://tradingqna.com/u/nithin)
#### Post date: [February 13, 2015, 5:05pm UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457/2 "2015-02-13T17:05:20Z")
I have also put up the below on this [link](https://docs.google.com/spreadsheets/d/1i18OqTSXj9h8jf8W2BozhdGcFo1wUE71koY5WfbgRmg/edit#gid=0) along with the formulae used:
| | Gold | | | | Silver | | |
| | Spot in $ (per troy oz) | 1,229.00 | | | spot in $ (per troy oz) | 16.98 | |
| Add | CIF in dollars | 3.00 | | Add | CIF in dollars | 0.15 | CIF: Cost - Insurance & Freight |
| | | 1,232.00 | | | | 17.13 | |
| Multiply | 32.1507 (1 troy oz =31.1gm) | | | Multiply | 32.1507 | | |
| | Dollars per kg | 39,609.66 | | | Dollars per kg | 550.74 | |
| | 995 prices | 39,415.56 | | | | | |
| Multiply | Currency Rate | 62.64 | | Multiply | Currency Rate | 62.25 | |
| | | . | | | | | |
| | Rs per kg | 2,468,990.41 | | | Rs Per kg | 34,283.66 | |
| | | | | | | | |
| Add | Customs duty | 257,294.00 | | Add | Customs duty | 3,547.16 | |
| | Cess | 7,718.82 | | | Cess | 106.41 | |
| | Landed Cost per kg | 2,734,003.23 | | | Landed Cost per kg | 37,937.23 | |
| | | | | | | | |
| Add | Bank Cost(0.10%) | 2,734.00 | | Add | Bank Cost(0.10%) | 37.94 | |
| | | | | | | | |
| | Final wholesale Price per kg | 2,736,737.23 | | | Final wholesal Price per kg | 37,975.17 | |
| | | | | | | | |
| | Final Price per 10 gms | 27,367.37 | | | | | |
| | | | | | | | |
| | MCX Price | 26,678.00 | | | MCX Price | 37,623.00 | |
| | | | | | | | |
| | Parity/(disparity) | 689.37 | | | Parity/(disparity) | 352.17 | |
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### Author:  [@NiftyTracker](https://tradingqna.com/u/NiftyTracker)
#### Post date: [February 20, 2015, 12:34pm UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457/3 "2015-02-20T12:34:42Z")
Damn good one . . .Nithin . . .shared it in my FB group . . .
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### Author:  [@sudesh](https://tradingqna.com/u/sudesh)
#### Post date: [February 14, 2015, 7:03pm UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457/4 "2015-02-14T19:03:37Z")
@Nithin, Thanks a lot, never knew such a thing existed.
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### Author:  [@aravindgeth](https://tradingqna.com/u/aravindgeth)
#### Post date: [February 20, 2015, 4:58pm UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457/5 "2015-02-20T16:58:21Z")
Nithin ji awsesome , can i get same one like this for copper or can u give me the details where can i get these so that i can calculate it on myself.
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### Author:  [@SARTHAKSHAH](https://tradingqna.com/u/SARTHAKSHAH)
#### Post date: [February 5, 2016, 3:20pm UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457/6 "2016-02-05T15:20:11Z")
SIR ,
Can you please help…as to how to find cif of gold/ silver?
Or can you just help with a numerical example.
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### Author:  [@Puneet\_Sharma](https://tradingqna.com/u/Puneet_Sharma)
#### Post date: [May 4, 2017, 2:06pm UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457/7 "2017-05-04T14:06:55Z")
> [@Tarzan](#):
>
> price
The MCX price depends on dollar rate. If we see the trend of gold rates in India, we can find that its rising. [http://www.paisabazaar.com/gold-rate/](http://www.paisabazaar.com/gold-rate/)
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### Author:  [@mohitmehra](https://tradingqna.com/u/mohitmehra)
#### Post date: [April 12, 2021, 12:05pm UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457/9 "2021-04-12T12:05:19Z")
Check out the updated calculations on this post:
> [@Price difference in commodities - MCX & International markets](https://tradingqna.com/t/price-difference-in-commodities-mcx-international-markets/106536):
>
> The price difference in MCX & international market commodity rates depends on how MCX calculates the Indian Rupee price from the foreign contracts used as reference. Check out the below note that has been shared by the MCX team for calculating the price of energy, gold & other metal contracts. Energy MCX Crude oil contract: The due date rate is the settlement price, in Indian rupees, of the New York Mercantile Exchange’s (NYMEX) Crude Oil (CL) front-month contract on the last trading day of the…
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### Author:  [@Vinz\_Vargz](https://tradingqna.com/u/Vinz_Vargz)
#### Post date: [November 27, 2022, 7:37am UTC](https://tradingqna.com/t/how-to-calculate-gold-silver-international-prices-and-mcx-price-parity-and-disparity/2457/10 "2022-11-27T07:37:29Z")
Hello
I would like to know the preset import duty on silver for deriving mcx price