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 |
Symbol |
MCXBULLDEX |
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 |
Click here for MCX Circular
|