MCX to launch gold options on Dhanteras

National Commodity and Derivatives Exchange has also received approval from Sebi to launch options in guar seed

Options trading in commodities is set to be a reality, with the Securities and Exchange Board of India (Sebi) giving its nod to the Multi Commodity Exchange (MCX) for the launch of gold option contracts with 1 kg gold futures as the underlying asset.

 
MCX said on Tuesday it was targeting Dhanteras (October 17) as the launch date. The Hindu festival is considered auspicious for investment and buying gold.
 
The government had first allowed options in commodities in February 2015. Two years ago, the commodity regulator was merged with Sebi, paving the way for implementing options trading.
 
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