Finance Minister Arun Jaitely introduces Gold
options trading on well known Commodity MCX saying it is a step forward towards
specifying trading in Gold.
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These trading
Options are another way which gives buyer a right to buy or sell a necessary product
or instrument at a different price on or before a specific date.
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"This
is very important growth in trading of gold. It protects traders from all risks
by giving traders the option to them. Indians love buying gold. This new
product will be extremely successful. I am sure more it is simplifies, it will
be best for consumers, jewellers and those trading in this." said Jaitley after
launching the options trade on the auspicious day of Dhanteras yesterday.
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Ashok
Lavasa Bibek Debroy, Saurabh Chandra and Mrugank Paranjape were also present at
the event.
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