Monday, October 27, 2025 1:07 pm
The Multi-Commodity Exchange of India (MCX) has launched monthly Options contracts on the MCX iCOMDEX Bullion Index (MCX BULLDEX) from 27 October 2025.
What is the MCX BULLDEX Index:
MCX BULLDEX represents India’s precious metals market, combining Gold and Silver futures into a single index.
Why this matters:
The new monthly Options will offer you a diversified and efficient way to manage risk or take positions in the bullion segment. Here’s how:
-
Diversified exposure to both Gold & Silver in one contract
-
Cost-effective hedging and trading opportunities
-
Better transparency and liquidity in India’s bullion markets
Key details:
| Parameter | Details |
|---|---|
| Symbol | MCXBULLDEX |
| Underlying | MCX iCOMDEX Bullion Index |
| Contract Availability | Monthly index contracts |
| Trading hours | Monday - Friday 9:00 AM - 11:30/11:55 PM (based on US daylight saving) November 2025 contract expires on 26 Nov 2025. |
| Trading Unit (1 Lot) | ₹30 × MCX iCOMDEX Bullion Index (contract value not less than ₹5 lakh at introduction) |
| Strikes | 35 In-the-money, 35 Out-of-the-money, and 1 Near-the-money (71 strikes total) |
| Strike Price Interval | ₹100 |
| Tick Size (Minimum Price Movement) | ₹0.05 |
| Settlement Mechanism | Cash-settled |
| Devolvement Margin | Not applicable (since cash-settled) |
| Launch Date | 27 October 2025 |
| Max Order Size | 30 lots |
| Settlement Cycle | T+1 |
| Final Settlement Price (DDR) | VWAP of underlying constituents between 4-5 PM on expiry day, rounded to the nearest whole number |
MCX iCOMDEX Bullion Index (BULLDEX) Options
| Contract Launch Month | Contract Expiry Month |
|---|---|
| October 2025 | November 2025 |
| October 2025 | December 2025 |
| October 2025 | January 2026 |
| November 2025 | February 2026 |
| December 2025 | March 2026 |
| January 2026 | April 2026 |
| February 2026 | May 2026 |
| March 2026 | June 2026 |
| April 2026 | July 2026 |
| May 2026 | August 2026 |
| June 2026 | September 2026 |
| July 2026 | October 2026 |
| August 2026 | November 2026 |
Each launch introduces three active contracts - near, mid, and far month. When the near-month contract expires, MCX lists a new one to ensure** continuous trading availability.Key Highlights**
-
Both BULLDEX Futures and Options expire on the same day, simplifying trade and hedge management
-
No physical delivery, settlements happen in cash
-
Combines Gold and Silver futures into one index for simplified trading and tracking
-
Lot size, margins, and trading hours are the same as other MCX index contracts
For more details, refer to MCX Circular No: MCX/TRD/474/2025 (dated September 22, 2025) or visit www.mcxindia.com
