One conversion, three components (₹/10 g)
| Component | Value | Minimum | Maximum | Scenarios |
|---|---|---|---|---|
| Converted gold | 86,807.02 | — | — | 1 |
| Assumed costs | 5,000 | — | — | 1 |
| Example total | 91,807.02 | — | — | 1 |
Gold = converted gold · Costs = assumed local costs · Total = gold + costs
Illustrative inputs only: $3,000 per troy ounce × ₹90 per dollar × 10 ÷ 31.1034768 = ₹86,807.02 per 10 g. Add an assumed ₹5,000 of local costs: ₹91,807.02. Neither amount is a current market quote.
Method, sources and limitations
Convert the hypothetical USD/troy-ounce reference into INR/10 g using USDINR and 31.1034768 grams per troy ounce. Add a hypothetical absolute cost allowance; do not infer any current duty or tax rate from it.
- All price, FX and cost inputs are teaching assumptions, not current observations.
- The ₹5,000 cost allowance is not a customs-duty calculation. Verify current official rates, purity, assessable value, contract month, taxes, freight and timestamps for a real comparison.
- The three bars show components and the resulting total; they must not be added together. Import parity is a reference, not an executable quote or trading signal.
Reviewed: 2026-09-14. Unit factor checked against NIST; conversion and addition checked independently with integer-ratio arithmetic in the editorial tests.
From global gold to MCX: understand the parity calculation
A practical COMEX to MCX calculator guide: convert global gold through USDINR and landed-cost assumptions, then read the MCX premium, discount, and import-parity basis.
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