NSE, IBJA to launch bullion spot exchange soon, framework will cater to B2B

The proposed business framework shall cater to B2B segments of the industry and shall also play a pivotal role in integrating the value chain participants in the entire bullion ecosystem, says NSE

National Stock Exchange of India Ltd (NSE) on Saturday announced that the bourse and and India Bullion and Jewelers Association Ltd (IBJA) will soon launch the bullion spot exchange as per Sebi guidelines. 

"India is the second largest consumer of gold, and it is first time that a domestic bullion spot exchange is being set up under the aegis of SEBI. This joint initiative by NSE and IBJA will not only offer the much-awaited platform to the industry players for the spot market bullion transactions but also act as a step in the direction of giving an opportunity to investors and