Gold options have realized the transition of hedging from linear mode to nonlinear mode for enterprises and play an important role in risk management,operation stabilization,and investment pathways improvement.The paper states gold options and their role,summarizes the main risks,hedging types,and strategies of gold enterprises,and on detail compares and analyzes the application cases and effects of gold options hedging strategies,in hope that it can provide references for versatile,refined and customized risk management of gold enterprises.