MCX launches India’s first silver options

Mumbai (Reuters): India’s Multi Commodity Exchange (MCX) said it launched the country’s first silver options contracts yesterday. Five contracts expiring in June, August, November, February and April with a lot size of 30 kg were launched, the exchange said in a statement.

India is the world’s biggest consumer of silver, which is mainly used for jewellery-making in the county. The exchange had launched crude oil and copper options earlier this month.