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CC/EXT/107- Now Trade in MCX Bullion Index Future

Dear All,
MCX has launched Bullion INDEX Futures Trading from Today i.e. Monday (24th August, 2020). Please note that Today (24.08.2020) is a historical day for Indian commodity derivatives market as Bullion Index Future Trading will be available
Given below is Basic details of MCX Bullion index contract:
Segment FUTIDX
Trading Unit 50 times index value.
Price quotation Index points
Market lot 50
Tick size 1
Profit/ loss per one rupee change 50
Expiry Monthly
Settlement Cash settlement ( No delivery).
Index Weightage Gold (70.52%) and Silver (29.48% )
Index value 16000 (Approx)
Contract value 8,00,000 Approx. (16000*50)
Margin % 6% Approx. Or based on VaR

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