KARACHI, May 17: Trading in three-month gold futures on the National Commodity Exchange Limited (NCEL) is steadily picking since its inauguration a couple of days earlier, says a press release. Clarifying a news-item published in Thursday’s business pages the NCEL said that the initial investors’ response to this new mode of investment was fairly encouraging.

The duration of the current future contract is for three months and it will expire on Aug 15 and trading will be resumed in the new contract, NCEL said.