The Indus Dictionary Project
This is a pictograph of a seed. It is the noun grain.
Mohenjo-daro: Ivory Stick: M-1651 A2: Sayid Ghulam Mustafa Shah and Asko Parpola, 1991: Corpus of Indus Seals and Inscriptions: Volume 2: Page 249: Collections in Pakistan: Suomalainen
In Indus texts, Mahadevan's sign number 386 may refer to plant seeds or to gold.
Ivory stick M-1651 may have been a hairpin.
Indus Script Sign Number 386: Sign List of the Indus Script: Iravatham Mahadevan, 1977: The Indus Script: Texts, Concordance and Tables: The Director General Archaeological Survey of India.