India Multi Commodity Exchange (MCX), the highest turnover, Siad is Monday began trading futures contracts of a gram of gold to encourage retail participation.
MCX, which began operations in May and June contract on Monday, delivered in Mumbai, Ahmedabad, New Delhi mm.
“Availability Gold Petal, a product that can act as SIP (Systematic Investment Plan)) product to attract participants to detail,” said Lamon Rutten, President and CEO of Multi Commodity Exchange (MCX).
The open position limit for members is set at 12.5 metric tons of gold for all contracts combined, or 15 percent of position in the open market, the greater the exchange said in a statement.
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