NCDEX to launch GOLDH100 tomorrow

Tags: GOLDH100, NCDEX, News
Leading commodity exchange NCDEX today announced the launch of GOLDHEDGE100 grams contract after receiving good response for GOLDHEDGE.

The new innovative gold contract, available for trading from tomorrow, is being introduced keeping in mind the requirements of market participants who prefer to trade in contracts of smaller denominations, NCDEX said in a release.

"GOLDH100 is an addition to our basket to provide smaller and medium size jewellers and bullion traders an opportunity to enter the commodity market," NCDEX Managing Director and CEO Samir Shah said.

This new contract is designed as an intention-matching contract, where delivery occurs only when both buyer and seller agree in advance on the quantity and location.

There is also a substantial saving in initial outgo resulting from this method of price discovery.

EDITORIAL OF THE DAY

  • The government must only sell PSU stocks that are in demand

    The government’s move to change the methodology of selecting merchant bankers for divesting stake in various public sector undertakings would save d

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Delhi and its democratic core

In the last one month, questions have been raised about ...

Kuruvilla Pandikattu SJ

Moral basis for collective living

Laudato si (Praise Be to You”) the second circular letter ...

Dharmendra Khandal

Have you spotted those wasps, yet?

Wasps are insects that ride on the monsoon winds. I ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture