Quick Conversions
Tin Reference Rate — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Two Exchanges, One Underlying Metal
Ask where tin's "real" price comes from, and the honest answer is the London Metal Exchange — tin's primary global benchmark and reference market. India's Multi Commodity Exchange runs its own tin futures contract that generally tracks the LME's direction, but the two are genuinely separate markets. Today's INR reference rate on this page is ₹4.30 per gram as of November 1, 2026.
- LME: tin's primary global price-discovery venue, quoted in US dollars
- MCX: India's domestic tin futures market, quoted in rupees
- This page: an independent INR tracking reference, not either exchange's live quote
Tin Reference Rate by Weight
Today's Tin rate is Four Rupees per gram. At this rate, 10 grams of Tin costs Forty Three Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹4.30 | Four Rupees |
| 8 Grams | 8.0000 g | ₹34.41 | Thirty Four Rupees |
| 10 Grams | 10.0000 g | ₹43.01 | Forty Three Rupees |
| 100 Grams | 100.0000 g | ₹430.14 | Four Hundred and Thirty Rupees |
| 1 Kilogram | 1,000.0000 g | ₹4,301.43 | Four Thousand Three Hundred and One Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹121.94 | One Hundred and Twenty Two Rupees |
| 1 Troy Ounce | 31.1035 g | ₹133.79 | One Hundred and Thirty Four Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹4,301,433.00 | Forty Three Lakh One Thousand Four Hundred and Thirty Three Rupees |
Why the Numbers Never Line Up Perfectly
Currency conversion is the biggest single reason MCX and LME tin prices diverge day to day. The rupee-dollar exchange rate moves independently of anything happening in tin's actual supply and demand, so a rupee that strengthens or weakens against the dollar shifts the MCX-equivalent price even when the LME dollar price hasn't moved at all. Add import duties and logistics costs on top, and a small but persistent gap between the two becomes normal, not a sign either market is wrong.
Timing adds a second layer
The LME and MCX don't trade on identical hours, so news that moves the LME price can hit before or after MCX trading closes for the day — meaning the two exchanges are sometimes reacting to the same information with a real time lag between them, not just a currency gap.
| Feature | LME | MCX |
|---|---|---|
| Currency | US Dollar | Indian Rupee |
| Role | Primary global price-discovery venue | Domestic Indian futures market |
| Typical relationship | Leads price direction | Generally follows the LME |
Tin Reference Rate — Last 10 Days
The most recent Tin price on record (2026-11-01) is Four Rupees per gram.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-11-01 | ₹4.30 | 0.00 |
| 2026-10-31 | ₹4.30 | -0.06 |
| 2026-10-30 | ₹4.36 | -0.12 |
| 2026-10-29 | ₹4.48 | +0.03 |
| 2026-10-28 | ₹4.45 | +0.04 |
| 2026-10-27 | ₹4.41 | +0.03 |
| 2026-10-26 | ₹4.38 | +0.05 |
| 2026-10-25 | ₹4.34 | 0.00 |
| 2026-10-24 | ₹4.34 | 0.00 |
| 2026-10-23 | ₹4.34 | — |
Why This Matters Even If You Never Trade Either Exchange
India imports a meaningful share of the tin it consumes, so LME-driven global price swings eventually flow through to Indian buyers via import costs, regardless of whether they've ever placed an MCX trade. That's the practical reason this comparison matters beyond futures traders — it's the transmission mechanism between the global tin market and what an Indian electronics manufacturer or solder buyer actually pays.
The comparison table and 10-day history above track this site's own reference rate. For a longer view, the site's own tin price history page holds real recorded data by year and month.
Tin MCX vs LME — Common Questions
The London Metal Exchange (LME) is tin's primary global benchmark, quoted in US dollars. India's Multi Commodity Exchange (MCX) runs its own tin futures contract in rupees, which generally tracks the LME's direction but layers in currency conversion, import duty, and local logistics costs.
Because they're genuinely different contracts trading in different markets, at different times of day, in different currencies. The rupee-dollar exchange rate alone introduces a moving variable that has nothing to do with tin's own supply and demand.
No — this page tracks an independent INR reference rate, currently ₹4.30 per gram on November 1, 2026, converted from global tin market data. It's a tracking benchmark for comparison purposes, not a live exchange futures quote.
The LME is widely treated as tin's primary global price-discovery venue, given its scale, history and the range of participants trading on it. MCX and other domestic exchanges generally respond to LME moves rather than lead them.
Because India imports a meaningful share of the tin it consumes, so global LME-driven price moves flow through to Indian buyers via import costs, even for those who never directly trade LME contracts themselves.
