The Multi Commodity Exchange Clearing Corporation Ltd. (MCX), on November 19, 2024, issued a notification regarding the Acceptance of MCX Good Delivery Norms for BIS–Standard Gold: Updated List of Empanelled Refiners for Gold Mini (100 grams) Futures.
The updates to the Gold Mini (100 grams) futures contracts. The key points are:
•Acceptance of Gold Bars: MCX will accept gold bars produced by empanelled refiners as per the revised list provided in Annexure 1 of the contract specifications.
•Effective Contracts: This update applies to Gold Mini (100 grams) futures contracts from the December 2024 expiry onward.
•Reference Circulars: The circular builds on guidelines from MCX Circular No. MCX/PMT/455/2023 (dated July 07, 2023) and No. MCX/WHL/431/2017 (dated November 21, 2017) regarding delivery norms and platform specifications.
•Implementation Date: The revised norms will take effect from November 29, 2024.
[Notification No. MCX/PMT/766/2024]
