Gold, Silver Futures: NSE, MCX Withdraw Additional Margins Amid Price Correction

• Multi-Commodity Exchange of India (MCX) and National Stock Exchange (NSE) have removed additional margins on gold and silver futures.
• The additional margins were initially imposed earlier this month to control excessive volatility in precious metal prices.
• MCX removed the 3% additional margin on gold futures and 7% on silver futures from Thursday.
• NSE also confirmed the removal of 3% and 7% additional margins on gold and silver futures from February 19.
• The decision follows a significant correction in gold prices, which have fallen by 4-5% from their February peak.