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Gold options trading on Multi Commodity Exchange of India record turnover of ₹2,021 crore and volume of 6443 kgs on Tuesday due to increased participation of market participation. The turnover in the first half on Wednesday was ₹264 crore.
The previous record turnover was ₹1,560 crore achieved on October 17—the day gold options was launched.
With an objective to encourage wider participation and self-sustaining liquidity, a new hedging instrument MCX introduced Liquidity Enhancement Scheme was introduced from April 24.
The open interest in gold options touched a record high of 2,553 kg on May 24.
At the expiry of May option series contracts, there were 1,254 kg of open positions. Of this, 79 kg were exercised and their positions devolved into respective underlying futures positions, said the exchange.
The average daily volume and open interest during the period were 23.26 per cent and 22.39 per cent.
The July 2018 contract saw open interest of 642 kg on May 29. Recently, MCX also launched options trading in crude oil, copper and silver.
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