Shivanshu Mehta, Head – Bullion, MCX said, “As a market leader it is incumbent upon us to constantly innovate and bring products that cater to the needs of the bullion and jewellery industry. Being of shorter tenor and smaller denomination, the Gold Mini Options on futures would bring more retail participation and also make it affordable for small-medium jewellers to protect their fabrication margins by paying a smaller premium. Further, options would allow for participation in favourable price movements while strictly insuring against downside movements, thereby letting jewellers hedge their inventories with higher capital efficiency and lower cost.”