Nalli Silks is a synonymous to regal and stately Kancheepuram silk saris. With more than 80 years of experience in the retail industry and a hand-in-hand association with wedding ceremonies preparations, they are now geared up to enter the lucrative indus
Multi Commodity Exchange of India Ltd. (MCX), has created a record in delivering 8,900 gold coins, or around 71.20 kilograms of gold, valued at Rs.8.66 crore ($1.86mn), in the “Gold Guinea August ’08†contract. Comparable to its July’08 contract, MCX generated deliveries of 3,118 coins, reports the exchange. %% The gold coins contract was launched in May 2008 by MCX, as the investment product was growing in popularity. Consumers are showing an interest in purchasing coins as an investment to be converted into jewellery at a future date. According to the exchange, retail segment is increasing its participation in the contract, as national brokers across India took delivery, on behalf of their multiple clients, with each delivery being of 1-10 coins. MCX is one of India’s leading commodity exchanges.
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