MCX starts trading in Gold Options

MCX, the leading commodities bourse in the country has launched India's first commodity options contracts in gold -the most traded precious metal in the domestic market. Finance minister Arun Jaitley inaugurated the trading in these contracts in Delhi.

MCX launched European-styled gold options, which are hedger-friendly and will be settled in delivery of physical gold through the futures contracts route of the same metal of 1kg weight, a release from the exchange said.

On the first day, gold options contracts with 1 kg gold futures as the underlying asset and expiring on November 28, 2017 and January 29, 2018 were made available for trading.

No comments: