New Delhi, Oct. 27 -- The Multi Commodity Exchange of India on Monday announced the launch of options contracts on the MCX iCOMDEX Bullion Index (MCX BULLDEX) amid investor rush for precious metals like gold and silver. The options contracts became effective today, October 27.

MCX BULLDEX constitutes the highly popular and liquid MCX Gold and Silver futures contracts. These contracts covering both gold and silver offer a balanced exposure in the bullion segment to market participants - both investors and institutions alike.

The options contracts on this index will empower market participants with a versatile risk management tool, combining the benefits of diversified underlying assets with the flexibility of options trading, MCX said in...