NCDEX lists gold and silver futures

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India's National Commodity and Derivatives Exchange (NCDEX) listed gold and silver futures contracts at the end of December. They were launched in response to persistent market demand, says the Mumbai-based exchange.

The Gold International and Silver International contracts allow trading in lots of 1 kilogramme of gold and 30kg of silver, respectively. They will be physically settled on the basis of international prices in rupees at Ahmedabad in the state of Gujarat.

The contracts are set to chall