MCX to levy additional margins of 2 per cent in 4 commodity contracts

Mumbai: Multi Commodity Exchange of India Ltd (MCX) has decided to levy additional margin of 2 per cent with effect from tomorrow in gold, silver, crude oil and natural gas contracts to guard against volitility that may follow US election results.

In view of the US elections, in addition to the existing margins, the exchange will levy additional margin of 2 per cent with effect from November 9 in all variants of gold, silver, crude oil and natural gas contracts, MCX said in a statement here today.

Exchange will review the volatility over the next few days and decide to levy further additional margin or remove the additional margin already levied, it added.