The National Commodity & Derivatives Exchange (NCDEX) is an online platform in India that facilitates trading in various commodities and derivatives. Established in 2003, it aims to provide a transparent and efficient marketplace for farmers, traders, and investors to manage price risks associated with agricultural products and other commodities. NCDEX offers a range of products, including futures contracts on commodities like gold, silver, soybean, and wheat. By enabling price discovery and risk management, NCDEX plays a crucial role in the Indian economy, helping participants make informed decisions and stabilize their income against market fluctuations.