BSE-promoted India International Exchange will launch trading in gold options from August 30. This will allow investors an opportunity to hedge their risk without worrying about daily market volatility. The exchange has received regulator SEBI’s nod to launch the product, has estimated that gold options, along with other gold contracts would clock a daily average turnover of $35 million on its trading platform.
Recently, Multi Commodity Exchange of India (MCX) had received an approval from Securities and Exchange Board of India (SEBI) to launch country’ first gold options contract soon. The exchange would finalize exact contract specifications and launch date in couple of weeks.
In June, SEBI had allowed options trading in commodities to deepen the market but permitted each exchange to launch options on futures of only one commodity initially.
More will update soon!!
