The nearest expiration date for MCX ICOMDEX BULLION INDEX Futures is Jan 27, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell MCX ICOMDEX BULLION INDEX Futures before Jan 27, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For MCX ICOMDEX BULLION INDEX Futures this number is 41.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for MCX ICOMDEX BULLION INDEX Futures shows that traders are closing their positions, which means a weakening trend.