Gold Futures will improve price discovery and further extend the NCDEX
bullion suite to meet the growing industry demand to effectively manage price risk.
Recycled gold will also be accepted provided such gold is obtained from gold refineries which are approved by NCDEX
As India's leading professionally-managed online multi-commodity exchange, NCDEX
offers the widest range of benchmark products across agriculture, metals and precious metals.
1 per cent stake at Rs430 million, or close to 10 times what NSE had invested in NCDEX
to buy 15 per cent stake at its inception in 2003.
The Indian firm has surrendered its license to trade at MCX, NMCE and NCDEX
as well as its Associate Membership to trade at the Singapore Commodity Exchange.
Crude palm oil, soybean and soy oil fell more than 10%, though the NCDEX
Dhaanya index rose 2%, mainly due to rise in castor seed and coriander prices.
On the NCDEX
, prices rose 21 per cent from ` 3,731 a quintal on 1 January 2013 to ` 4,512 on December 31.
September contract is trading at Rs 1,600 per quintal.
Guar Seed: Guar seed prices have been falling since the relaunch of the contract on both the National Commodity and Derivatives Exchange, or NCDEX
, and the Multi- Commodity Exchange or MCX.
Samir Shah, Managing Director, NCDEX
said the speed of trade executed on the exchange would increase to 500 micro second from two million second, though speed of execution is not as critical in commodity markets as in stock exchange.
SMC's Aggarwal says, "Maize may move in the higher range of `1,700- 1,750 and find strong support at `1,350 on the NCDEX
MillenniumIT has been nominated by India s National Commodity & Derivatives Exchange (NCDEX
), to render the core technology infrastructure for both the derivatives and spot market areas of NCDEX