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MCX to launch India’s first bullion index named “Bulldex”

Sumit Arora Published On August 18th, 2020 Leave a comment

Multi Commodity Exchange of India (MCX) will launch India’s first bullion index named “Bulldex”, on August 24, 2020. Bullions, viz. gold and silver are already being traded as individual commodities on the country’s premier commodity exchange. With gold and silver as underlying, Bulldex will have a market lot size of 50 and be cash-settled futures contract. MCX had tested bullion index futures trade in mock trading exercises in July.

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About MCX:

Multi Commodity Exchange of India Ltd is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It is India’s largest commodity derivatives exchange.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.