Gold coin future contracts surge at Iran Mercantile Exchange
Baku, Azerbaijan, May 6
By Khalid Kazimov – Trend:
Traders at Iran Mercantile Exchange (IME) traded 29,517 gold coin future contracts over the last Iranian week (ended March 5).
The IME has said that the traded contracts valued over $120 million (3.9 billion rials), Ibena (Iranian banks and economy news agency) reported.
According to the report, the volume of the traded future contracts over the last two weeks increased by 44 percent. Some 25,269 contracts (out of the total number) valued at $107.2 million (3.4 trillion rials) will be delivered in late December.
About 2,331 future contracts valued at $9.5 million (311 billion rials) are agreed to be delivered in late October.
In the meantime, 1,049 contracts valued at $ 3.9 million (128 billion rials) over the next two weeks.
The maturity date for 453 contracts valued at $1.7 million (58 billion rials) is September. And 415 contracts valued at $1.6 million (52 billion rilas) will be delivered in August.