MCX or Multi-Commodity Exchange of India is one of the largest commodity derivatives exchange that deals with the trading of metal, bullion, agro commodities, and, energy. Like any other exchange, MCX is also closed on certain public and state-specific holidays.
COMEX is a comprehensive commodity derivatives exchange. The operations began in the month of November 2003. The regulatory body is Securities and Exchange board of India that facilitates the trading community derivatives contracts across the huge range of industry lines. The MCX has it presence in more than 1200 cities in India and has no network of 669 listed member and 51, 575 certified individuals.
The exchange is aimed at fostering societies, which are extremely important for the further advancement of its operations.
The products offered by MCX are of four types: bullion, base metals, energy and agricultural commodities. The product category of bullion consist silver, gold, silver mini, silver 1000, gold mine, gold metal, gold guinea, etc. Zinc, nickel, aluminum, brass, lead, nickel mini, zinc mini and nickel mini are included under the category of base metals. MCX’s energy section encompasses natural gas, unrefined oil and crude oil mini. The agricultural commodities offered by the exchange include menthe oil, cotton, black pepper, cardamom and crude-palm oil.
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