Gold delivery on MCX hits record high of over 5 tonnes

Mumbai: Gold delivery on MCX has hit a record high of 5158.8 kilos (5.15 tonnes) in the recent delivery cycle (August 5) . The figure includes kilo gold futures and mini gold (100 gm) futures contracts .

The previous record high of 4898 kilos happened on Oct 5 2009.

Gold on MCX is a bi-monthly contract . Delivery is normally given and taken by refiners , bullion dealers and other jewellers , based on pay-in pay-out details on MCX .


The deliveries have happened with gold hitting record high prices of Rs 36332 per 10 gm (ex 3% GST) on the spot market based on India Bullion & Jewellers Association (IBJA) closing rate on Tuesday .