The National Commodity & Derivatives Exchange (NCDEX), the country's largest agri commodity exchange, is planning to launch futures of 8-gram gold coins contracts soon. | |
| "We plan to launch this mini-gold contract hopefully within a month," said Shrikant Subbarayan, chief business officer. |
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| The exchange obtained the permission from the Forward Markets Commission (FMC), the commodity market regulator, to launch carbon credit futures as well early this month. |
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| The contract would be made available for trade as early as possible for delivery in June and December this year. |
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| The main purpose of the small coin futures is to bring it within the reach of the common man. |
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| Existing gold contracts are traded in kilograms and 100 grams denominations. |
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| Subbarayan said the delivery would be chanellised through the exchange's business partners and custodians. |
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| The exchange is gradually strengthening its focus on non-agri commodities, including base and precious metals, in order to cut losses. |
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