The Silver 1000 monthly contract of Multi Commodity Exchange of India (MCX) has witnessed record delivery of 1,010 kg silver kilo bars. The Silver 1000 monthly contract of MCX was launched on September 27, 2012. The contract witnessed an average daily open interest of 1,516 lots, of which 1,010 kg of kilo bar was delivered. Thus, 66% of the open position resulted in delivery.
The first of its kind innovative deliverable 1 kg silver contract with New Delhi as the base delivery centre has been receiving tremendous response from market participants, especially small investors, located in North India.
MCX has notified one-kilo 999 purity silver bullion bar of MMTC-PAMP India, a joint venture between MMTC, a Government of India undertaking and PAMP S.A. Switzerland, one of only three refineries worldwide honoured as ‘Referee’ by both the London Bullion Market Association and the London Platinum and Palladium Market for delivery.
MCX is a state-of-the-art electronic commodity futures exchange. MCX offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, energy, and a number of agri-commodities on its platform.
