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 solution to tackling recurrent droughts is in managing consumption of water, not its overuse

    A staggering 33 crore people or more than a quarter of the country’s population are in the grip of drought and consequently, face drinking water sho

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Kuruvilla Pandikattu

Black and white of morality

Would you kill one innocent person to save five? Choose ...

Shona Adhikari

Let's head to Bangalore & catch up on art

Bangalore art scene is bang in the middle of news, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture