NCDEX launches GOLDH100 Mumbai, January 20, 2014: NCDEX, the leading commodity exchange, today announced the launch of GOLDHEDGE 100 grams (Symbol:GOLDH100) contract after receiving an overwhelming response for the GOLDHEDGE contract. The new innovative gold contract is being introduced keeping in mind the requirements of market participants who prefer to trade in contracts of smaller denominations.

The contract is available for trading from January 21, 2014.
For the first time in the 10-year history of Indian commodity derivatives trading, market participants will be able to perceive maximum co-relation between Indian and international gold prices through the GOLDHEDGE 100 grams contract, which is designed to remain unclouded by domestic demand-supply factors.
"GOLDH100 is an addition to NCDEX basket to provide smaller and medium size jewellers and bullion traders an opportunity to enter the commodity market," said Samir Shah, MD and CEO, NCDEX at the launch
GOLDHEDGE 100 grams is designed as an intention-matching contract, where delivery occurs only when both buyer and seller agree in advance on the quantity and location. There is also a substantial saving in initial outgo resulting from this method of price discovery.
The contract is the most accurate gauge of gold vis-à-vis the international market. In short, by reflecting the true value of gold and offering the perfect hedge, the contract provides a unique opportunity for investors to add gold to their portfolio as a financial asset.
Domestic gold prices have a high correlation with international prices. However, after recent policy measures such as hike in customs duty and the RBI 80:20 scheme for jewellers, the correlation has reduced significantly. The new NCDEX contract is a derivatives instrument that will address the anomalies created by the physical markets in futures prices to provide a correct benchmark as well as allow wider participation in the gold market. India is the world's second largest market for gold.

CONTRACT SPECIFICATIONS:

The summary of contract specifications is given in the table below.

ABOUT NCDEX:
As India's leading online exchange, NCDEX is where customers repose trust. It offers the
widest range of benchmark products across agriculture, metals and precious metals. NCDEX

brings buyers and sellers together through its electronic trading platform. With a widely held shareholding, it enjoys the distinction of being the only exchange in the country promoted by national-level institutions. The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nation-wide reach, technology and risk management skills.

For further details contact Shalaka Kagathra - 9820572798 Corporate Communications NCDEX Kalpesh Sheth - 9820305936 Corporate Communications NCDEX Delna Irani Adfactors PR Contact- 022- 6757 4444
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