MCX Gold Petal contract witnesses successful delivery of 2000 one gram coins
Author(s): City Air NewsMumbai, November 29, 2019. The newly designed one gram gold petal futures contract of Multi Commodity Exchange of India Ltd. (MCX) has received overwhelming response from retail investors. The November gold petal...
cityairnews
Nov 29, 2019 10:30
0
Mumbai, November 29, 2019. The newly designed one gram gold petal futures contract of Multi Commodity Exchange of India Ltd. (MCX) has received overwhelming response from retail investors.
The November gold petal futures contract saw the successful delivery of 2000 one-gram gold coins. Earlier, the one-gram gold petal contact was only deliverable in lots of 8 grams.
The MCX one-gram gold petal contract had an average daily turnover of around Rs 2.84 crore in November 2019, with an average daily open interest of around 6,569 contracts.
Mr. P. S. Reddy, MD & CEO of MCX said “I am extremely glad that the newly designed one gram gold petal futures contract has received such good response from retail investors. It is a reflection of the importance of the gold as a key saving instrument for small savers.”
