MCX to Launch Option Trading in Gold On Dhanteras; Shares Down

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MCX on Tuesday said it would launch buying and selling in gold options on the day of auspicious Dhanteras, October 17. The commodity exchange has been engaged with the contributors for a number of months now to arrange for the launch of choices. 

ET Now had in September recommended choices launch between October 5 and October 15, quoting MD and CEO at MCX, Mrugank Paranjape. 
Options trading is seen serving to hedgers minimise worth possibility and deepen the market with the aid of encouraging institutional participation
In gold options, the choices that finish out-of the -money at expiry will be squared off at a loss. alternatively, holders of options ending in-the -cash can have a choice to both sq. off at a profit or to transform right into a futures position. Most, it's believed, will opt to square off somewhat than train to transform to a futures place, which entails higher margin and chance necessities, ET reported. 

At 11.36 am, shares of MCX, which is listed on stock exchanges, were trading 0.73 per cent decrease at Rs 1,066 on BSE. in the meantime peer, BSE will prolong thetrading session for gold change traded cash (ETF) and Sovereign Gold Bond on Dhanteras, a competition celebrated two days sooner than Diwali. 
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