MCX launches first commodity options trading with gold

Posted on:18 Oct 2017 15:35:38
MCX launches first commodity options trading with gold
18 October 2017 Current Affairs: Multi Commodity Exchange (MCX) launched trading in Gold option’s contract in presence of Finance Minister Arun Jaitley.

Underlying for Gold options contract which is currently available for trading are Gold (1 Kg) futures expiring on November 28, 2017, and January 29, 2018.

The Options in securities and commodities market are primarily meant for hedging. However they are also used for speculation.

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