Today, Multi Commodity Exchange, nation’s biggest venue for commodities, has begun cash-settled bullion index futures and now, plans to offer a similar service for base metals in a month followed by energy and farm commodities. It is also in the process to permit the delivery of gold based on Indian standards and exploring recycled lead by allowing it and, this will further deepen the relationship between MCX and the physical market.
In 2003, MCX had started offering futures contracts in gold including 10 grams, mini, guinea, and petal contracts. Billion alone accounts for 35%, base metals nearly 19% and crude oil about 40% of Kotak Mahindra Bank’s revenue in the financial year ended March 31.

NSE to Offer ‘Silver Options’ Contracts

From September 1, NSE will launch its ‘silver options’ in the commodity derivatives segment, which will provide buyers and sellers to hold their contracts of underlying asset under specified time period.
NSE in a circular on Friday said markets regulator Securities and Exchange Board of India (Sebi) has a nod for ‘options’ in goods contracts on the underlying silver spot price for trading in the commodity derivatives segment. Earlier on June 8, NSE has launched its ‘gold mini options’ and now, it aims to offer new products to commodity market participants.