Multi Commodity Exchange of India Limited (MCX) has announced the launch of monthly options contracts on MCX ICOMDEX Bullion Index (MCX BULLDEX®) with effect from October 27, 2025. MCX BULLDEX® is a dynamic representation of the precious metals segment, composed of MCX Gold and Silver futures contracts.
Options contracts on this index will empower market participants with a risk management tool that combines the benefits of diverse underlying assets with the flexibility of options trading. MCX BULLDEX®, which includes both gold and silver, offers market participants – both investors and institutions – balanced exposure to the bullion segment in a cost-effective manner that will meet both their investment and hedging needs.
The options product on MCX BULLDEX® aligns with MCX’s commitment to deepening India’s commodity markets through innovation, increased transparency and investor-friendly offerings. Options on indices are highly popular as an investment instrument, and options on sectoral indices such as MCX BULLDEX® are widely considered ideal for effective sectoral price risk management. The index conforms to the standards of the International Organization for Standardization of Securities Commissions (IOSCO) Principles for Financial Benchmarks in its calculation and governance (July 2013).
Ms. Praveena Rai, MD & CEO, MCX, said: “The launch of options on MCX BULLDEX® marks a significant development in India’s commodities ecosystem. It is a unique and innovative product that will enhance the range of products in the commodity derivatives ecosystem and assist market participants in taking exposure to a basket of commodities in the bullion segment.”
Multi Commodity Exchange of India Limited (MCX) is India’s leading commodity derivatives exchange and the largest commodity options exchange globally (FIA, 2024). In operation since 2003, MCX has about 98 per cent market share in terms of value of commodity futures contracts traded in the financial year 2024-25. With a pan-Indian presence, MCX serves as a dynamic platform for the Indian commodity market ecosystem, providing the dual benefits of fair price discovery and efficient risk management. It offers trading in a diverse range of commodities as well as sectoral commodity indices spanning multiple segments including bullion, energy, metals and agricultural commodities. The exchange has entered into strategic alliances with various international exchanges as well as Indian and international trade associations. For more information about MCX and its products, visit: www.mcxindia.com
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