Multi Commodity Exchange of India Limited (MCX) has opened five new delivery centers for gold in Hyderabad, Chennai, Kochi, Kolkata and Bangalore. These delivery centres will be in addition to the existing delivery centers in Delhi and Mumbai. Market players can take physical delivery from their nearest location, from the new centers, without any extra cost,
The new delivery centers and revised delivery and settlement procedure as specified MCX-Clearing Corp, the wholly-owned subsidiary of the Multi Commodity Exchange, will be applicable to all gold and gold mini-contracts expiring from December, said the exchange in a statement on Friday.
The move intends at bringing more inclusion of regional small & medium jewellers into organized hedging and delivery mechanism, in line with the interest of bullion and jewellery industry.