SEBI allows Multi Commodity Exchange of India (MCX) to launch gold options

The Securities and Exchange Board of India (SEBI) , the capital and commodity market regulator, has recently allowed Multi Commodity Exchange of India Ltd (MCX) to launch India’s first gold options contract soon. It will allow investors and hedgers to minimise their price risk at a fraction of cost compared to currently available futures trading. The headquarters of MCX is located in Mumbai, Maharashtra.