Mutual Fund

NSE logs ₹37-crore turnover in gold futures debut

National Stock Exchange has made its debut into commodity derivatives with the launch of gold and silver futures on Friday. The gold (1 kg) contract for delivery in December recorded a turnover of ₹36 crore in the first half of trading session ended at 5.30 pm while in gold mini (100 grams) it was ₹1 crore. The silver (30 kg) contract logged a turnover of ₹8 crore. The exchange has waived transaction charges for the first three months while its rival BSE, which entered the commodity derivative segment on October 1, has done away with transaction charges for one year. On expiry of the contracts physical delivery of gold and silver can be taken in Ahmedabad. NSE is also planning to extend delivery centres to major metros. Vikram Limaye, the exchange is committed to deepen the commodity markets by proby the European Commission and to the completion of the Ilva deal, will almost double the Gupta-led $15-billion GFG Alliance’s 14,000-strong workforce – of which Liberty is a part – by adding 12,500 employees. It will also more than double Liberty’s global metal manufacturing capability, taking its total rolling capacity to more than 15 million tonnes a year. The European plants will boost Liberty’s capacity across flat and long metals, giving it the ability to supply a full range of finished metals and pave the way to develop further its primary and sustainable production models. Liberty said it will continue investment in the profitable assets and will *achieve greater competitiveness* through low-carbon production and closer integration with added-value downstream manufacturing.

Leave a Reply

Your email address will not be published. Required fields are marked *