MCX has introduced gold option contracts that start trading today October 17th, 2017. We will be testing MCX options on our trading platforms. Once these tests are complete and margins/leverages are ascertained, these contracts will be made available for trading. Since this is a new product type at MCX which can potentially lead to compulsory physical delivery of the underlying and is different from the cash-settled options on NSE, we believe that it would be prudent to check all possible scenarios that may arise while you trade these options before going live. We are planning to be live by next week.
Make sure to have your trading accounts enabled for Gold options trading by clicking on the consent form here: https://zerodha.com/mcx-options/.
Learn more on Gold options on Varsity.