Starting from today, the NCDEX new Gold Hedge contract, the market response has been fantastic. Beginning in the first 2 hours it has traded more than Rs 50 crore. The start of gold futures on NCDEX nearly 14 per cent lower to Rs 25,000 than MCX.
The country’s largest Agri commodities futures bourse NCDEX, now have been spearheaded by non Agri commodities aggressively increasing its portfolio. In the direction of the new futures exchange hedging in gold began today.
MCX Bullion Commodity:
MCX Gold modest shed 0.13 per cent, is trading at Rs 28,982. Strongly declined by 0.76 per cent silver remains to Rs 44,444.
MCX Energy Commodity:
Crude oil is flat down at Rs 5815 and Natural gas is 0.52 per cent higher trade at Rs 272.70.
MCX Base Metals Commodity:
In MCX base metals except Aluminium and Nickel metals are trading in the red. By 0.54 per cent drop copper and zinc have seen a fall of 0.39 per cent. By 0.04 per cent to lead and nickel slight gain with 0.17 per cent. Aluminium is trading 0.65 percent higher.
MCX India Current Market Updates 16 Jan, 2014
- SILVER 05MAR2014, Current: 44477.00, High: 44931.00, Low: 44425.00, Volume: 9200
- GOLD 05FEB2014, Current: 29005.00, High: 29095.00, Low: 28985.00, Volume: 6069
- COPPER 28FEB2014, Current: 457.50, High: 460.75, Low: 456.30, Volume: 15100