MCX launches India’s first silver options

Friday, 25 May 2018 00:00 -     - {{hitsCtrl.values.hits}}

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.

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