Gold options hit an all-time high, emerge as most capital-efficient insurance tool
It is important to note that open interest in gold options has hit an all-time high. Gold options Volume and Average Daily Turnover hit a one and a half year high at 9490 kg and INR 3916 crore respectively
It is important to note that open interest in gold options has hit an all-time high. Gold options Volume and Average Daily Turnover hit a one and a half year high at 9490 kg and INR 3916 crore respectively. The spurt in gold options clearly indicates that they have emerged as the most capital-efficient insurance tool in terms of two-way movements-higher margins as well as Mark to market requirements.
As of March 16, 2020, MCX Bullion derivates recorded a total Bullion turnover of INR 35112.61 crore, the highest level since CTT was levied. While Gold volume of 55.849 MT was valued at INR 22,207 crore, Silver volume of 3504 MT was valued at 12905 crore.
The Gold options turnover was pegged at a one and half year high level of Rs 3917 crore (9.49 MT). The Gol option OI was pegged at an all time high of 7.478 MT
HIGHLIGHTS: MCX Bullion derivatives yesterday (March 16, 2020)
Total Bullion turnover: INR 35112.361 cr
(Highest post CTT)
Gold volume: 55.849 MT valued at INR 22,207 cr
Silver volume: 3504 MT valued at 12905 cr
See Zee Business Live TV Streaming Below:
#mute
Gold Options:
Gold options turnover : Rs 3917 crore (9.49 MT)
(one and half year high)
Gold option OI : 7.478 MT
(All time high)
by MCX Team
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
80% return in one year: Brokerage suggests buying this Maharatna PSU stock for 2-3 days, check target
Lok Sabha elections 2024 Phase 4: Voting date, timing, states, union territories, seats, key candidates and constituencies | LS Polls
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
HPCL dividend 2024: OMC Hindustan Petroleum Corporation announces Rs 16.50 dividend, check record date
06:08 PM IST