The article explores the relationship between futures trading and spot price volatility in the Indian commodity market. Futures contracts help manage price risk by allowing investors to buy or sell commodities at a set price in the future. Evidence suggests that futures trading can lead to changes in spot prices, and vice versa. The study found that futures trading and spot price volatility have a causal relationship in both directions. This means that changes in futures trading can impact spot prices, and changes in spot prices can also affect futures trading.