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The Multi Commodity Exchange (MCX) in India has been given approval to launch options on gold futures by the country’s main regulator, the Securities and Exchange Board of India (SEBI).
In a client circular on released on Monday, MCX said it has received approval from SEBI to launch gold option contracts with a 1 kg gold future as their underlying. No exact launch date was given, although MCX said they would inform market participants of any update...