Categories: Business

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

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

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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