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Awareness programme on hedging bullion price exposures.

Maharashtra, Nov. 17 -- Multi Commodity Exchange of India Ltd (MCX) organised a commodity awareness programme in association with the Forward Markets Commission (FMC) and The Jewellers Welfare Association Mulund (Regd.) at Mumbai on Friday, November 14, 2014. The programme aimed at educating the market participants from the bullion industry on commodity futures exchanges and also focussed on hedging bullion price exposures.

The forum created a better understanding of the commodity futures market among the participants, and the benefits of de-risking livelihoods through hedging. They were explained about the use of an exchange platform such as MCX to manage risk to which they would be exposed to, and volatility associated with commodity prices. The interactive session focussed on fundamentals of bullion, outlook on gold, innovative contracts offered by the Exchange, and how the futures market enhances the overall marketing efficiency.

Mr. Chittaranjan Rege, Vice President-PKMT, MCX said, "The Exchange, along with the commodity markets regulator, FMC, undertakes a large number of awareness programs all over India on a continuous basis for propagating the benefits of hedging and bringing more and more physical market participants under the beneficial ambit of the commodity futures market. Trading on a commodity exchange such as MCX provides benefits of higher liquidity, transparent pricing, central clearing, robust risk management and surveillance systems, efficient delivery mechanism and lower delivery and cash risks, to the market participants."

Mr. Bhagwati Jain, President, The Jewellers Welfare Association Mulund (Regd.) said, "The experts educated the participants about the various futures contracts in the bullion segment offered by the commodity exchanges that are useful risk management tools. They further highlighted how the physical market players can use these contracts to hedge their exposures against rising or falling prices of bullion."

Published by HT Syndication with permission from India PRwire.

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Publication:India PRwire
Geographic Code:9INDI
Date:Nov 17, 2014
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