Commodity money Commodity money Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money. Examples of commodities that have been used as mediums of exchange include gold, silver, copper, salt, peppercorns, tea, large stones (such as Rai stones), decorated belts, shells, alcohol, cigarettes, cannabis, silk, candy, nails, cocoa beans, cowries and barley. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price system economies.
Commodity trading in India is Forward Markets Commission (FMC) which was set up in 1953. As of September 2015 FMC was merged with the Securities and Exchange Board of India, SEBI.After this merger sebi has been ordered to exit many commodity exchanges. Commodity trading in India Commodity trading in India has a long history. In fact, commodity trading in India started much before it started in many other countries. However, years of foreign rule, droughts and periods of scarcity and government policies caused the commodity trading in India to diminish. Commodity trading was restarted in India recently. Today, apart from numerous regional exchanges, India