India, March 18 -- The shares of the prominent Commodity Exchange of India plummeted 4 percent in today's trading session after the National Stock Exchange (NSE) announced that it has launched Gold 10-gram futures contracts.

With a market capitalization of Rs 66,529.92 crore, the shares of Multi-Commodity Exchange of India Ltd were trading at Rs 2,609.10 per share, decreasing around 2.33 percent as compared to the previous closing price of Rs 2,671.35 apiece.

NSE launches Shares of Multi Commodity Exchange of India Ltd came under pressure after the National Stock Exchange of India launched gold 10-gram futures contracts. This move increases competition in the commodities segment, especially with lower margin requirements of around 10% a...