Home / Commodity / NCDEX gold contract posts Rs 322cr volume in 2 days of launch

NCDEX gold contract posts Rs 322cr volume in 2 days of launch

NCDEX gold contract posts Rs 322cr volume in 2 days of launch

The National Commodity & Derivatives Exchange (NCDEX) has received an encouraging response from investors to its gold contract just been launched.

Gold Hedge contract obtained a volume of 1,300 kg worth Rs 322.3 million rupees in the first two trading days (January 16-17), said that the Exchange.

According to the Exchange, GoldHedge aims to give a clear and direct price of the yellow metal consumer reference.

“Our product is the perfect solution to price distortion created by fluctuating supply and demand Terms of and it takes forward the mission of the RBI-completion gold for reducing the burden of imports in the current account deficit” Managing Director and CEO Samir Shah NCDEX had said on the eve of launch of the contract.

Reported News Source: PTI Economic Times

Click for Get trial 2 Days free MCX Tips

About Narmada Ji

Myself Technical Analyst and Owner Investment Growth Services (100mcxtips.com). 100McxTips is a Market Leader MCX Commodity Advisory, which has a strong hold in offering trusted MCX Tips and accurate as well as Commodity Market Tips. For more mcx, commodity market news by 100McxTips, follow us on Twitter @100mcxtips and on Facebook at facebook.com/100mcxtips.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>