Gold options to launch around Diwali: MCX

In an interview to CNBC-TV18, Multi Commodity Exchange of India (MCX) CEO Mrugank Paranjape spoke about the launch of options contract for gold futures.

We have done all the preparations for the launch, we have met the entire industry, we have probably covered 5,000 jewellers, we have met almost every participant on the exchange and our expected date of launch is post-Dussehra pre-Diwali, he said.

The international exchanges were meant to attract businesses which have migrated out of India to other jurisdictions not to compete with us, he added.

Silver, natural gas, zinc, cotton, CPO qualify for options trading, said Paranjape.