Need info on how prices are determined in MCX

General
1

i know there mcx futures can become premium or discount in indian mkt and fluctuate on dollar inr strength 

pls let me know how prices are set for crude and gold in mcx exchange. In investing.com i am seeing crude price as 4.5 % up from previos eod and but still in mcx 0.5 % up and when i sold goldm at 29565 for march 2016 contract usd gold price was 1147$ and later it came down to 1142 but still price was 29627.. 

thanks

2

Check here.

http://tradingqna.com/12776/calculate-silver-international-prices-price-parity-disparity?show=12776#q12776

The time of trading is more for international markets whereas Indian market are functional only from 10 AM to 11 PM.

3

Bro… Currency also play important role in MCX Prices… Currency Depriciation and Apperication also effect equally to mcx prices… here currency means USD/INR…

4

after 5 PM there wont be any USD/INR change and MCX prices should trade as per current EOD USD rate… please correct me if am wrong