Nikhil Assam Swarna Silpi Samity and MCX organise a programme on Bullion Price Risk Management

Tinsukia (Assam), September 09, 2015: Seamlessly aiming at educating the commodity value chain participants, and spread awareness about hedging commodity price risks, Multi Commodity Exchange of India Ltd. (MCX) in association with Nikhil Assam Swarna Silpi Samity organized a programme on bullion hedging today at Tinsukia (Assam).

During the course of the programme the experts from MCX explained in detail about commodity futures market and how the market participants can tremendously benefit from the two main functions performed by the commodity exchanges i.e. price discovery, and price risk management. The elaborated on how the bullion stakeholders by hedging their price risks on exchanges such as MCX can safe guard themselves from the unanticipated price movements and volatility in bullion prices.

Later, the participants were briefed about the different variants of gold and silver futures contracts offered by the Exchange to suit the hedging needs of participants from the bullion spectrum. Thus enabling the hedgers to effectively manage the impact of price fluctuations and control their risks efficiently. The experts further highlighted that while trading in international commodities such as gold and silver on the Exchange the market participants can protect themselves from the currency risk, since the futures contracts in the bullion segment at MCX closely reflect international prices.

Mr. Parimal Sarkar, President, Nikhil Assam Swarna Silpi Samity said, ?I thank MCX for organizing this commodity awareness programme for our association members at Tinsukia, and at the same applaud it for stepping up to the task of spreading awareness across the country about the benefits of commodity futures market. The experts very well explained about the various benefits of trading on regulated commodity derivatives exchanges, while stressing on how we can use these contracts to hedge our price exposures against high volatility in bullion prices and changing commodity market dynamics.?

Company :-Multi Commodity Exchange of India

User :- shivani sharma

Email :-shivanisharma1979@gmail.com

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