BSE deepens network in bullion trade; signs MoU

BSE has signed a Memorandum of Understanding (MoU) with bullion trade and industry association Patliputra Sarafa Sangh, Patna, Bihar. 

This association would enable growth and development of value chain participants and enable them to face competition and manage price risks better. This MoU aims to facilitate participation in seminars and various other programmes with mutual understanding to educate the people/ community about the commodity/derivatives markets and its benefits and encourage commodity stakeholders to hedge on the exchange. Besides, Patliputra Sarafa Sangh would assist BSE’s initiatives to deepen the understanding of commodity market amongst stakeholders and work together for designing of new products on ‘Precious Metals’ commodities contract.

BSE is also India's first exchange to complete deliveries of Gold under BSE -BIS India Good Delivery Standard, supporting the Prime Minister's vision of "Make in India" and "Atmanirbhar Bharat". BSE is the only exchange to have deliveries executed in Gold, Gold Mini and Silver 30 kgs contract. Overall. the exchange has executed deliveries of gold worth more than INR eight crores at the exchange designated vault in Ahmedabad, Gujarat.