Ace Derivatives and Commodity Exchange, a Kotak Mahindra Group company, has started trading in Goldhedge futures contract on Tuesday. The exchange launched three contracts expiring in May, July and September.
The price quotation is in rupees per 10 gm and the trading unit for the contract is 1kg. The tick size is rupee one. The price is inclusive of taxes and levies relating to import duty and customs duty but excluding sales tax and Value-added Tax.