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MCX launches monthly options contracts on MCX BULLDEX

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MCX, the biggest exchange in India for trading in derivative contracts on bullion and base metals, is launching monthly options contracts on Bulldex, the bourse’s bullion index, on Monday. Initially contracts expiring in Nov, Dec and Jan of next year will be available for trading. The MCX BULLDEX® Index is a balanced mix of Gold and Silver Futures, the two most traded precious metals on the MCX. The Options contracts on the index are expected to give market participants more flexibility in managing portfolio exposure and provide an expanded range of hedging instruments in the Indian commodities market.

The launch of options contracts on bullion index on MCX, based on gold and silver, comes at a time when the country saw one of most frenzied buying phases for gold and silver in history. The new offering aligns with MCX’s commitment to deepen India’s commodity markets through product innovation and transparency. Incidentally, India is the world’s top country in terms of number of options contracts traded, data from Futures Industry Association.

Shares of Multi Commodity Exchange of India Ltd (MCX) gained 2.52 per cent in Monday’s trade, reaching a high of Rs 9,244.90 on BSE. The stock advanced after the exchange announced the launch of monthly options contracts on its bullion index

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National News

This Akshaya Tritiya, Begin A Legacy With Divine Solitaires’ Diamond Coin

A Modern Heirloom For Akshaya Tritiya, Blending Tradition, Rarity, and Enduring Diamond Value

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Akshaya Tritiya is not just another festive date; it is a moment of belief, where every purchase is seen as the beginning of something enduring. For generations, it has been associated with purchases that carry forward value, meaning, and intent.

This year, Divine Solitaires reimagines this tradition with its Diamond Coin, a modern heirloom designed for those who seek more than just ritual, but a deeper sense of permanence in what they choose to own.

Crafted to mark new beginnings while holding long-term significance, the Diamond Coin brings together the emotional weight of the occasion with the enduring value of natural diamonds. It is not simply a festive buy, but a conscious purchase, one that is meant to stay, evolve, and be passed on.

The collection is available in three variants:
1-gram coin featuring a 0.10 carat diamond
2-gram coin featuring a 0.14 carat diamond
3-gram coin featuring a 0.18 carat diamond

Each coin features a rare Divine Solitaires diamond, cut in the iconic 8 Hearts 8 Arrows pattern, found in less than 1% of the world’s diamonds. With VVS clarity and EF colour, these diamonds appear icy white and colorless to the naked eye, delivering unmatched brilliance and fire.

Jignesh Mehta, Founder and Managing Director, Divine Solitaires, Said:

“Akshaya Tritiya has always stood for an occasion that speaks of value and meaning. With the Diamond Coin, we wanted to move beyond the idea of a transactional purchase and create something that truly holds its worth over time. It brings together rarity, craftsmanship, and trust, making it not just relevant for the moment, but significant for years to come.”

Adding to its versatility, the coin comes with a complimentary enamel-finished jacket, allowing it to be worn as a pendant, transforming it from a symbolic purchase into something that can be experienced every day.

To make this offering more accessible, customers can book their Diamond Coin with an advance of INR 2,000.

Reinforcing its commitment to trust and transparency, every Divine Solitaires diamond is backed by a quality guarantee certificate, validating 123 rigorous quality checks, along with lifetime upgrade and buyback options.

This Akshaya Tritiya, the Divine Solitaires Diamond Coin invites consumers to look beyond tradition, and invest in something that is designed to last, both in value and in meaning.

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