Hard Commodities

Hard commodities are natural resources that are mined or extracted from the earth, as opposed to soft commodities, which are agricultural products that are grown. Examples of hard commodities include crude oil, natural gas, gold, silver, copper, aluminium, and iron ore. In India, hard commodities are actively traded on the Multi Commodity Exchange (MCX). Gold and crude oil are the two most liquid commodity contracts on MCX, attracting participation from hedgers, speculators, and investors alike. Hard commodity prices are influenced by global supply-demand dynamics, geopolitical events, US Dollar movements, and macroeconomic growth expectations.