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MCX empanels two Indian refiners for gold delivery.

Multi Commodity Exchange of India (MCX) on Thursday said it has empanelled two domestic bullion refiners — M D Overseas and Kundan Care Products — for gold delivery on its platform.

At present, gold and silver bars of London Bullion Market Association approved refiners are deliverable on the exchange, MCX said in a statement.

Further, the exchange noted that initially, acceptance of gold bars refined by the empanelled domestic refiners would begin for delivery in the derivative contracts with gold 100-gram bars as underlying.

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