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

  • No ifs and buts, please, in India’s engagement with Iran

    Some foreign policy purveyors in this country have for long insisted that India does not leverage its civilisational connections as it should or is ca

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

Taslima Nasreen

Hate in the time of bhaijaan

A few days ago I went to watch Bajrangi Bhaijaan, ...

Purnendu Ghosh

Death reveals the true colours of life

Death is instantaneous but it comes progressively. Some say, death ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture