Mumbai : The Multi Commodity Exchange on Saturday said that it has witnessed delivery of 3,118 coins in its first delivery in the gold guinea July contract.

The Gold guinea July contract has seen great success since the launch of the contract with an average trading volume of Rs 7.63 crore per day.

It has also witnessed a growing participation from retail traders resulting in a delivery of 3,118 coins of eight gram each (about 25 kg. valuing Rs. 3.18 crore).

The delivery demonstrates the transparent pricing and assurance on purity of the coins by the exchange, a release said here on Saturday.

The settlement price on expiry of the contract was Rs 10,224 per eight gram including the making charge of Rs 200 per 10 gram as against a price of Rs 11,052 in physical gold coin.

"Delivery of single guineas marks that even retailers are finding opportunities on the exchange to discover better price from a nationwide market offered on the MCX platform, MCX's Chief Business Officer Sumesh Parasrampuria said.