Mumbai, Oct. 27 -- The new product, based on the MCX iCOMDEX Bullion Index, combines gold and silver futures, offering traders and investors a diversified and cost-effective exposure to the bullion segment.

According to MCX, the launch will empower market participants with a versatile risk management tool, enhancing product diversity and deepening India's commodity markets.

MCX BULLDEX conforms to the International Organisation of Securities Commissions (IOSCO) Principles for Financial Benchmarks, ensuring transparency and governance standards.

Commenting on the development, Praveena Rai, MD & CEO of MCX, said that this innovative product will allow participants to take exposure to a basket of commodities in the bullion segment.

MCX i...