The National Stock Exchange (NSE) has broadened its array of commodity derivatives by introducing 13 new contracts. These new derivatives include 'options on futures' for gold 1kg futures, gold mini futures, silver mini futures, copper futures, zinc futures, gold guinea (8 grams) futures, aluminium futures, aluminium mini futures, lead futures, lead mini futures, nickel futures, zinc futures, and zinc mini futures, as stated in an official release by the exchange.

With this expansion, the NSE's offerings within the commodity derivatives sector now encompass 28 different products. The exchange already featured commodity contracts for gold 1kg futures, gold mini futures, gold petal futures (1 gram), silver 30 kg futures, silver 30 kg option on goods, WTI crude oil futures, natural gas futures, Brent crude oil futures, and copper futures.

The NSE has experienced heightened interest from various participant categories in its commodity derivatives segment, particularly in the derivatives related to WTI crude oil and natural gas. Participation spans across a wide spectrum of entities, including Foreign Portfolio Investors (FPIs) and Domestic Mutual Funds.

Sriram Krishnan, Chief Business Development Officer at NSE, commented, "We are delighted to announce the expansion of our product range in the Commodity Derivatives Segment. With the introduction of these 13 new products, futures and options for all key items within the Energy, Bullion, and Base Metals categories are now accessible on the NSE platform. This will enable participants to effectively manage their commodity-related risk using our exchange platform.