MCX to launch India's first bullion index, Bulldex, on August 24

Multi Commodity Exchange of India (MCX) is all set to launch the country's first bullion index, Bulldex, on August 24.

"MCX iCOMDEX Bullion Index Futures contracts, expiring September, October and November, will be available for trading with effect from August 24," the commodity exchange said in a circular on Saturday.

The bullion index, Bulldex, being launched by MCX is the sixth product in bullion complex with 1-kg gold, 100-gm goldmini, 8-gm gold guinea and 1-gm gold peta, while the Options on Futures on 1-kg gold is already in place.

The bourse recently launched options on goods in 100-gm goldmini contract.