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NCDEX launches futures contracts in Gold 100 grams

14 Jan 2013 Evaluate

National Commodity and Derivatives Exchange (NCDEX), on-line multi commodity exchange of the country, will be launching the future contracts in Gold 100 grams on the exchange which would be available for trading with effect from January 14, 2013. 

The exchange will be launching it as per the Byelaws, Rules and Regulations of the Exchange and with the approval of the Forward Markets Commission.

All the Gold 100 grams futures contracts expiring in January 2013 and thereafter would be exclusively settled through COMTRACK only. The clients and members desirous of delivering and receiving Gold 100 grams on the exchange platform would have to open commodity account in COMTRACK.

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