Volume of Gold Trade shoots up by 250 percent

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Volume of Gold Trade shoots up by 250 percent

Posted on May 9, 2009

KARACHI: The volume of gold trade soared up by 250 percent, following National Commodity Exchange (NCE) stretched up its working hours to 21. NCE released handout said that NCE management at the beginning of the current year had installed new fast trading software, which triggered the volume of trade shooting up by 250 percent and 7000 deals for the sale/purchase of 2.5 tons of gold were finalized in April. Besides, after extension in trading hours from 9.00 A.M. in morning to next day 6.00 A.M. morning, gold trading in exchange now continues up to 21 hours. NCE said it is working on the arrangement for trading of more products in the exchange.

Tags: gold trade, gold trading exchange, National Commodity Exchang, NCE, NCE management, Trading, trading software

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Volume of Gold Trade shoots up by 250 percent

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