Commodities

MCX gets SEBI nod for bullion, base metal indices

Our Bureau Mumbai | Updated on June 12, 2020 Published on June 12, 2020

MCX has received market regulator SEBI’s approval to launch futures trading in iCOMDEX Bullion and iCOMDEX Base Metal indices.

The lot size would be 50 each and will be cash settled. A minimum margin of 5 per cent will be levied. The tick size will be ₹1.

While the bullion index will capture the price movement of both gold and silver, the metal index will include five base metals contracts including copper, aluminium, lead, nickel and zinc as its constituents.

The first expiry of bullion index futures contract will be in August and that of base metal futures index, October.

Published on June 12, 2020
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