Multi Commodity Exchange (MCX)
"Gold Option contract, with Gold (1 Kg) futures as underlying, expiring on Nov. 28, 2017, and Jan. 29, 2018, are made available for trading from today," the exchange said in a statement.
India is the world`s second-biggest buyer of gold, typically importing around 800 tonnes a year, with the metal being used in everything from investment to religious donations and wedding gifts.
"The introduction of options gives a strong impetus towards systematic development and transformation of commodity derivatives market in India, ushering in a new era in price risk management in response to stakeholder expectations," MCX chairman Saurabh Chandra said in the statement.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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