The Multi Commodity Exchange of India (MCX) witnessed its shares rise nearly 2% to ₹9,191 on October 27 after the exchange announced the launch of monthly options contracts on the MCX iCOMDEX Bullion Index (MCX BULLDEX).
The new product aims to give market participants a diversified, efficient, and cost-effective tool for trading and managing risks in the precious metals segment — one of the most actively traded categories in India’s commodity markets.
What Is MCX BULLDEX?
MCX BULLDEX is a composite index that represents the performance of India’s two most traded precious metals — gold and silver. The index is built using highly liquid MCX gold and silver futures contracts, making it a balanced and dynamic representation of the bullion market.
By combining both metals, MCX BULLDEX provides:
- Broader exposure to the bullion market
- Balanced participation across gold and silver futures
- Cost-effective and efficient hedging options for traders and investors
The exchange noted that options on MCX BULLDEX align with its goal of deepening India’s commodity markets through continuous product innovation and investor-centric offerings.
A Step Forward for Commodity Market Depth
According to the company’s announcement, the options contracts on MCX BULLDEX are designed to empower both retail and institutional participants. These contracts combine the benefits of diversified underlying assets with the flexibility of options trading, enabling participants to manage exposure and volatility effectively.
This new addition strengthens the exchange’s ongoing efforts to build a transparent and robust commodity derivatives ecosystem, encouraging wider participation and liquidity in the precious metals segment.
Market Reaction
At 10:10 a.m. on October 27, MCX shares were trading 2% higher at ₹9,191 on the NSE. The broader Nifty Capital Markets index was also up 1.2% at 4,671, led by gains in financial and commodity-related stocks.
The rise in MCX’s stock price reflects investor optimism around the exchange’s expanding product suite and its commitment to innovation in India’s commodity trading landscape.
Summary
The launch of options on the MCX iCOMDEX Bullion Index marks a key milestone for India’s commodity markets. By providing exposure to both gold and silver in a single product, MCX has introduced a simplified and flexible way to trade within the bullion segment.
With MCX shares gaining momentum following the announcement, the move highlights growing market confidence in the exchange’s strategy to drive depth, diversity, and accessibility across India’s commodities ecosystem
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