The article examines how futures trading affects spot market volatility in Indian commodity markets. The researchers analyze the relationship between trading activity and spot market volatility for various commodities. They use statistical models to study how futures trading impacts spot market stability. The study finds that futures trading volume and open interest can influence spot market volatility, both in the short term and over time. The researchers also investigate the lead-lag relationship between spot price volatility and futures trading activity. Overall, the findings suggest that futures trading can have an impact on spot market volatility in Indian commodity markets.