This is an options chart rather than a gold price chart. It plots the live at-the-money straddle on MCX Gold options — the combined premium of the ATM Call and ATM Put at the same strike and expiry — through the commodity session. If what you want is the MCX gold rate, this is not it; this shows what the options market charges for movement in gold.
The MCX session runs roughly 09:00 to 23:30 IST, so the chart stays live through the US session when gold responds to Fed commentary and dollar moves. MCX Gold options trade on a ₹1,000 strike grid against a ₹ per 10 grams quote. Free and public — no login required.
Gold implied volatility is driven by a different set of forces from equity index volatility. Real interest rates, the dollar, central bank buying and safe-haven demand during geopolitical stress are the main inputs, and none of them are on the Indian market calendar.
That means the MCX gold straddle often reprices during Indian evening hours rather than Indian morning hours, because that is when US data lands. Fed decisions, US inflation prints and payroll data all show up on this chart, and typically show up after 18:00 IST.
Gold also behaves as a crisis asset. Its straddle can expand sharply on geopolitical escalation while equity index straddles are barely moving — one of the clearest cases where watching two straddle charts side by side tells you something neither tells you alone.
MCX gold is quoted in rupees per 10 grams, while gold trades internationally in dollars per troy ounce. The MCX price therefore embeds the USD/INR rate, and so does the straddle premium.
This has a real consequence for reading the chart: a rupee depreciation can push MCX gold up and reprice the straddle even when international gold has not moved. Conversely, an international gold move can be partly cancelled by a currency move in the opposite direction.
If you are comparing this chart against dollar-denominated gold volatility, the two will not line up exactly, and the gap is currency. The MCX straddle prices the rupee-denominated contract, which is the one you would actually be trading.
MCX Gold options are options on the gold futures contract, so the reference level on this chart is the traded future rather than a spot index. That is why the chart shows the future for MCX symbols instead of a synthetic cash level.
The main GOLD contract is a 1 kilogram lot quoted in rupees per 10 grams, with options on a ₹1,000 strike grid. Because the strike grid is wide relative to typical intraday movement, the ATM strike rolls less often than it does on crude, and the straddle stays on the same contract pair for longer.
MCX also lists smaller gold contracts. This chart tracks the main GOLD contract, which carries the best at-the-money quotes.
The straddle premium is plotted alongside the traded gold future, so a premium move caused by the underlying travelling is visibly distinct from one caused by volatility repricing.
The live ATM±5 option chain below the chart carries the individual CE and PE prices and open interest that make up the straddle.
Straddle VWAP and adjustable EMA overlays are available, and the expiry chips on the rail switch between available gold expiries.
Free, no login · Symbols covered: NIFTY, BankNifty, FinNifty, MidcpNifty, Sensex, Bankex, Gold, Silver, Crude Oil, Natural Gas · Content last reviewed August 2026