You are here: Home » Markets » Commodities » commodity gold
Business Standard

MCX gets Sebi nod to launch gold options in September

The Securities and Exchange Board of India has approved the options contract

Reuters  |  Panaji 

Multi Commodity Exchange (MCX) will launch the country's first gold options contract in September allowing even smaller players in the bullion industry an instrument to hedge their risk, a senior company official told Reuters. "Somewhere around end September we will launch gold options. We have already conducted mock drills," Murgank Paranjape, managing director of MCX, said on the sidelines of a conference. The Securities and Exchange Board of India has approved the options contract, he said. "For years the market has been waiting for options. This ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, August 12 2017. 10:54 IST
RECOMMENDED FOR YOU