Introduction of commodity options created another milestone in the history of India’s commodity derivatives. On October 17, 2017, trading in options contract with Gold (1Kg) futures contract as the underlying was launched, which was India’s first commodity option contract. Later, other commodity options were also launched. Notably, launch of commodity options trading have come after persistent demands for product ever since the national commodity derivatives market was allowed in India. The same is also evident from the ever rising volume and turnover numbers of commodity options since its launch, with an average daily turnover surging up to 704.7 crores in FY19 from 90.5 crores in FY18. .