Finding Historical Commodity Prices in India: A Comprehensive Guide
For traders, investors, and researchers, access to historical commodity prices is crucial for making informed decisions. This guide will provide you with a detailed overview of the various sources where you can obtain historical commodity prices in India, covering both agricultural and metal commodities like bullions. Whether you're looking to analyze past trends or use historical data in trading setups, this article will help you find the right information.
Introduction to Historical Commodity Prices
Historical commodity prices refer to the recorded values of commodities over a specific period. In the context of India, understanding these prices is essential for traders, investors, and policymakers. These historical data points provide insights into the economy, market trends, and price volatility over time.
Agri-Commodity Pricing
Agricultural commodities play a significant role in the Indian economy. Farmers, traders, and analysts rely on accurate and reliable historical price data. Here are some trusted sources for obtaining historical agri-commodity prices:
E-negative: Eneg is a leading commodity exchange in India that provides historical data for various agri-commodities. They offer comprehensive datasets that span the past 20-30 years. However, access to this data might require registration and payment. Comtrade: United Nations Comtrade Database is another reliable source. While it primarily caters to global trade, it occasionally provides historical data for specific commodities relevant to India. National Agricultural Crop Statistics (NACS): NACS, a department under the Ministry of Agriculture and Farmers Welfare, releases statistical data on crop production and prices. These reports can be accessed on their official website.Metal Bullion Pricing
Metal bullions, including gold, silver, and other precious metals, are highly sought after in India. Historical price data for these commodities is crucial for traders and investors. Here are some reliable sources to find such data:
MCX: Metallicks Clearing House Inc. (MCX) is one of the leading commodity exchanges in India for metal bullions. They offer a wide range of data and historical charts that can be accessed through their website. Eenor: Eenor is another valuable resource that provides both real-time and historical price data for metal bullions. They offer subscription-based services but provide a wealth of information. MyBigD{!!}N Dollar: MyBidD is a popular trading platform that also offers historical price data for metal bullions. This data is particularly useful for trading setups and analysis.Additional Sources for Historical Data
While the aforementioned sources are generally reliable, there are some limitations to consider:
Limited Data Period: Some platforms like E-negative and Eenor primarily provide data for the last 7-8 years. Free vs Paid: Some sources like E-negative and Comtrade provide free trials or limited access to historical data, while others like Eenor and MyBidD offer subscription-based services. Commodity Specific: Some platforms specialize in specific commodities, while others provide a broader range of data.Conclusion
Accessing historical commodity prices in India is essential for making informed trading and investment decisions. Whether you focus on agri-commodities or metal bullions, there are several reliable sources available. Keep in mind the limitations of each source and consider your specific needs when choosing a provider. For more detailed information and personalized assistance, feel free to contact me at 9654689478. Happy trading!