You are here
More derivatives planned to entice gold investors in India
Options on Gold Futures May Be Launched in August
By Ram Sahgal
The Times of India, Mumbai
Friday, June 23, 2017
http://economictimes.indiatimes.com/markets/commodities/news/options-on-...
Traders of equity options will soon get a new product to punt or hedge on -- options on gold futures. MCX, the country's largest commodity derivatives exchange, could introduce the options by August, two persons familiar with the development said. One of them said the chief draw for equity option players would be the cheaper cost to trade.
The cost to trade one lot (1 kilo) of gold futures at Ruprees 28.6 lakh was Rupees 1.43 lakh, or around 5 percent intraday on Thursday. An option contract will be available at just a fifth of that, or Rupees 29,000, one of the persons said. The gold futures contract is costlier than trading even one lot of Titan futures at Rupeess 1.25 lakh intraday on Thursday.
Gold options "would be a draw for those who want to take exposure to commodity futures and options at a cheaper cost," the other person said. ...
... For the remainder of the report:
http://economictimes.indiatimes.com/markets/commodities/news/options-on-...
Buy metals at GoldMoney and enjoy international storage
GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:
http://www.goldmoney.com/?gmrefcode=gata
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/
Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
