National Stock Exchange of India Ltd (NSE) on Friday launched commodity derivatives contract in gold and silver.
To start with, the exchange said it will focus on key non-agri commodities and gradually broaden our product offerings to agri-commodities. Commodity futures contracts on Gold (1 Kg), Gold Mini (100 gms) and Silver (30 Kg) are now available for trading on NSE, an exchange statement said here.
The contracts will be physically settled on expiry with Ahmedabad as the base centre. NSE is also planning to extend delivery centres to all major metros.
The introduction of commodities to it existing suite of asset classes gives the broking community a complete NSE advantage to trade and clear at one single location, it said in a statement.
