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MCX to launch gold option on Dhanteras

Press Trust of India  |  New Delhi 

Leading commodity bourse today said it will launch option trading in gold on Dhanteras day, October 17.

"This is to inform you that the exchange is targeting to launch trading in Gold Option Contracts with Gold (1Kg) Futures as underlying on October 17," the exchange said in a filing.

has been conducting mock trading in options since the last week of June. It has also been upgrading its technology to handle increased participation in option trading.

In August, Capital markets regulator Securities and Exchange Board of (Sebi) had allowed option trading in commodity markets.

Besides MCX, agri-commodity bourse (National Commodity & Derivatives Exchange Limited) also has plans to launch option trade and has sought permission for guarseed. The exchange has not yet announced the date of its launch.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 16:48 IST