I wrote about NSE introducing options on GOLDBEES a few days ago, but I just saw this news article from Business Standard that states NSE has deferred launching this. There seems to be some sort of an issue on who gets to regulate this product.
From the NSE circular about this:
In view of the concerns raised by another regulator, the Exchange in consultation with Securities and Exchange Board of India (SEBI) has deferred the launch till further notice.
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