Page 2 - Multi Commodity Exchange
Silver catching up with gold rally, price spike sharply in global market
After consolidating for a few days, gold and silver prices spiked yesterday on fears that inverse short- and long-term bond yields in the United States will lead to recession
 "Silver catching up with gold rally, price spike sharply in global market")
Gold gains all-time high of Rs 38,470 on rising demand, firm global trends
Globally, gold and silver were trading a shade higher at $1,517.30 and $16.96 an ounce
 "Gold gains all-time high of Rs 38,470 on rising demand, firm global trends")
Multi Commodity Exchange wants partial hedging for metals on local bourses
Currently, these large companies (such as Hindalco) hedge all their risks in metal prices on bourses abroad
 "Multi Commodity Exchange wants partial hedging for metals on local bourses")
MCX taking measures to save metal segment as volumes fall sharply
Wants regulator to ask metals companies to hedge part of risk on local exchanges
October futures gold prices cross Rs 36,000 after Trump's tariff on China
Gold imported unofficially has been selling in Mumbai around Rs 34700 per 10 gram.
 "October futures gold prices cross Rs 36,000 after Trump's tariff on China")
MCX surges 8% after reporting six-fold jump in Q1 net profit
The company reported consolidated net profit of Rs 44 crore for June quarter (Q1FY20), on higher trading volume and other income. It had reported profit of Rs 7 crore in the year-ago quarter.
 "MCX surges 8% after reporting six-fold jump in Q1 net profit")
P S Reddy takes charge as MD and CEO of Multi Commodity Exchange
Prior to joining MCX, Reddy was MD & CEO at Central Depository Services
 "P S Reddy takes charge as MD and CEO of Multi Commodity Exchange")
MCX claims technical glitch that resulted in multiple outages resolved
SEBI asked the exchange to find out what went wrong after trading halted four times in two months
 "MCX claims technical glitch that resulted in multiple outages resolved")
MCX Q4 net grows 56% to Rs 341 mn on commodity segment push; income up 11%
The average daily turnover in commodity futures increased by 22.57% to Rs 238.24 billion
 "MCX Q4 net grows 56% to Rs 341 mn on commodity segment push; income up 11%")
Multi Commodity Exchange Q3 net declines 45% to Rs 187 mn on lower volumes
MCX launched gold options and the average daily turnover in commodity options stood at Rs 1.4 billion
 "Multi Commodity Exchange Q3 net declines 45% to Rs 187 mn on lower volumes")
MCX seeks Sebi nod for schemes to boost gold options volume
Sebi has specified guidelines for certain volumes in existing gold options contracts before allowing contracts of smaller denominations
 "MCX seeks Sebi nod for schemes to boost gold options volume")
