India is one of the biggest buyer of Gold, as there is unending demand for Gold in India given the traditional mindset and religious significant related to Gold. Gold is also one of the most actively traded commodity in India on the MCX (Multi Commodity Exchange) in terms of value. Gold Price in India is linked to the world Gold prices. Indian Rupee fluctuation also has an impact on the Gold Price in India. MCX Gold contracts are in two variants, the main contract is of 1 kg, whereas the Gold Mini contract is of 100 grams. Other than this, Gold Guinea and Gold Petals are also traded in India. Gold spot and Gold futures prices also change as per the demand supply in world markets. Investment in Gold is also known as safe haven investment.