India is the world’s biggest consumer of silver, which is mainly used for jewellery making in the county.
Mumbai: India’s Multi Commodity Exchange (MCX) said it launched the country’s first silver options contracts on Thursday.
Five contracts expiring in June, August, November, February and April with a lot size of 30 kg were launched, the exchange said in a statement.
India is the world’s biggest consumer of silver, which is mainly used for jewellery making in the county.
The exchange had launched crude oil and copper options earlier this month.