If you have been watching gold and silver prices and wondering whether to try futures trading, here is some timely relief. Trading gold and silver futures on the Multi Commodity Exchange (MCX) has just become less expensive in terms of upfront capital.

The MCX and the National Stock Exchange, or NSE, have removed the additional margins that were recently imposed on gold and silver futures contracts. In simple language, traders now need to block less money to take the same position as before.

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To understand why this matters, let us first decode a few basic terms.

A futures contract is a financial agreement to buy or sell an asset at a

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