Kamal Ghorui
Multi Commodity Exchange of India and National Stock Exchange of India have decided to roll back the extra margins that were levied on gold and silver futures, with the change coming into effect from Thursday, February 19.
MCX announced that it will discontinue the additional 3 per cent margin applicable on all gold futures contracts as well as the 7 per cent extra margin imposed on silver futures earlier this month. The exchange has informed its clearing members to take note of the updated margin structure.
In a separate communication, NSE Clearing Ltd confirmed that the supplementary margins introduced on February 4, amounting to 3 per cent for gold futures and 7 per cent for silver futures, will be withdrawn from February 19. Members have been advised to realign their positions in line with the revised requirements.
