MCX Show First Commodity Option Trading with Gold

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Biggest commodity bourse MCX would unveil the united states of america's first commodity options buying and selling with gold on the auspicious get together of Dhanteras.

The gold choices will probably be launched tomorrow on Dhanteras in presence of Finance Minister Arun Jaitley in New Delhi, bourse officers mentioned. 

"We are excited to launch gold options contracts, which signifies daybreak of recent technology that sets in movement the transformation of the Indian commodities market," MCX MD and CEO Mrugank Paranjape informed PTI.

The usa up to now allowed handiest futures contracts for hedging in commodities.

MCX will be launching commodity options on futures with MCX Gold 1 Kg futures contracts.

The industry needed to wait for for this new instrument considering 12 months 2003 when then NDA government unfolded the Indian commodities market.

choices are akin to a type of worth insurance coverage and, therefore are absolute best suited for hedgers.

With options small investors now can take part in commodity trading.

European put and contact gold 1 Kg option contracts on underlying MCX Gold December 2017 and February 2018 shall be made to be had by the exchange for trading from the following day.


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