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Bullion Hedging Seminar Organised at Khurda

300 Days ago

Khurda (Odisha), September 03, 2015: With an aim bring the unreached and small bullion stakeholders within the ambit of commodity futures market, Multi Commodity Exchange of India Ltd. (MCX) in association with Jatni Gold Association organized an awareness programme at Khurda (Odisha) on September 3, 2015.  The programme was designed for members of the association, and local bullion market participants of Khurda.

This seminar helped the participants in understanding the basics of commodities trading, and the concept of hedging as also learning to trade in commodity futures. Moreover, the speakers emphasized on the manner in which the participants can avoid the risks of fluctuating prices by hedging their price risks, which enables them to focus their energy and capital on improving their operations. The experts from MCX, during the sessions focused on fundamentals of bullion, and the regulatory perspective.

While explaining about price discovery and price risk management, the experts from MCX stated that these are the two most important functions performed by the commodity exchanges thereby protecting the commodity market participants from adverse price movement. They later briefed the market participants about the vast bullion product basket the Exchange offers; different variants of gold and silver futures contracts to suit the hedging requirements of diverse participants’ profiles. They also emphasized on the fact that since bullion futures on MCX are traded in Indian Rupee, currency risk is mitigated, thus avoiding the risk the bullion stakeholders could encounter while hedging on international exchanges.

Mr. Rajendra Kumar Soni, President, Jatni Gold Association said, “Having seen the evolution in the Indian commodity markets, I feel that there is still further scope for growth. Nevertheless, MCX’s efforts in bringing more and more market participants under the fruitful ambit of commodity futures market, by organising these awareness programmes across the country are definitely worth a mention!”

“I would urge upon my fellow participants to take advantage of the innumerable benefits commodity exchanges such as MCX offers, viz. higher liquidity, transparent pricing, central clearing, robust risk management and surveillance systems, among others, which would enable them to manage their exposures against rising or falling prices of bullion”, he added.

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