Overview
- The exchange made monthly options on the MCX iCOMDEX Bullion Index live on October 27.
- The product offers single-instrument exposure to gold and silver on an index governed under IOSCO-aligned benchmark principles.
- Each series follows a three-month near, mid and far cycle with new contracts listed when the near-month expires.
- Each contract must carry a minimum value of Rs 5 lakh at the time of introduction.
- MCX shares settled about 3.5% higher after the launch, following an intraday rise reported earlier in the session.