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Programme on Hedging Jointly Organized by MCX and Bullion Associations in Rajasthan

240 Days ago

Aimed at reaching out to all stakeholders of the commodity value chain, including the bullion players in Rajasthan, MCX organized awareness programme on hedging bullion exposures in Bhilwara and Dungarpur, during October 24, 2015 - October 27, 2015. These programmes were organized in association with Sarafa Association Bhilwara, and Shree Sarafa Sangh, Dungarpur.

In the course of the programmes, MCX experts guided the market participants through various topics such as, Bullion Futures Trading & its benefits, , Bullion Futures Market: Indian Perspective, working of Commodity Exchanges, and, History of Gold Trading in India among others. They further explained in detail about the functioning of the commodity markets with respect to the products, price discovery, transparency and risk management mechanism in trading and settlement of transactions.

The participants were later briefed about the gold and silver futures contracts available in different denominations to suit the hedging requirements of different participants such as importers, large jewelers, small and medium jewelers.

Mr. Ram Narayan Birla, President, Sarafa Association Bhilwara said, “One of the most important reasons behind the success of commodity exchanges such as MCX is, they have been able to attract participation from all types of market participants, both big and small by developing contracts with different lot sizes to accommodate the needs of varied market participants.”

Mr. Anil Dawda, President, Shree Sarafa Sangh, Dungarpur said, “Since inception of derivatives trading in the Indian commodity markets, exchanges have showcased how these regulated platforms offer immense benefits and advantages to the commodity value chain parrticipants. Transparent price discovery mechanism, and effective price risk management tools, help the participants reduce the risks associated with price uncertainties and volatilities.

It was an opportunity for the participants to familiarize themselves with developments and functioning of commodity futures markets in India. Moreover, the programme’s main objective was to enable the bullion stakeholders effectually hedge their price exposures.

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