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Indian exchanges introduce gold futures


Multi Commodity Exchange (MCX) of India commenced business last week with a 'soft' launch of gold, silver and castor seed futures. Its official launch will take place on 18 November.

MCX is the second exchange to offer gold futures after rival National Multi-Commodity Exchange (NMCE) launched its contract on 3 October.

MCX traded just 28 lots on day one but brokers point out...

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