MCX Bulldex : Multi Commodity Exchange of India Ltd on Monday said it has launched monthly options contracts on its bullion index, MCX BULLDEX, as it seeks to offer more hedging tools to investors in the precious metals segment. The options contracts, which became effective from Monday, are based on an index comprising MCX's gold and silver futures contracts, allowing market participants to gain diversified exposure to both precious metals through a single instrument. An option is a financial derivative contract that gives the buyer the right, but not the obligation, to buy or sell a specified quantity of an underlying asset at a predetermined price (called the strike price) on or before a specific date (expiration date). MCX BULLDEX provides balanced exposure to the bullion se

See Full Page