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India’s largest stock exchange the National Stock Exchange (NSE) has entered the commodity derivatives trading business with the launch of gold (1 kg and 100 grams) and silver contracts (30 kg).
The exchange has identified Ahmedabad as the base delivery centre with Brinks Arya as its delivery partner with some own vaults in place. Also, NSE is planning to expand the delivery base to reach out to small- and medium-sized jewellers across the country.
“Our aim is to develop the ecosystem to facilitate trading for all players in this trade. Hence, we have launched two contracts in gold (1 kg
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