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