Copying and distributing are prohibited without permission of the publisher
Financial Technologies’ Spot Exchange offers retail gold contract
13 May 2010
India’s National Spot Exchange has launched what it called the first mini gold contract aimed at the retail market. Investors can trade gold in one gramme denominations.
Read more:
India
NSE
gold
retail gold
The dematerialised contracts recorded a unit volume of
43,438 on their first day of trading in mid-March.
“For the first time in the history of Indian commodity
market, a dematerialised product is being made available for retail investors,”
the bourse said. “Hitherto the exposure of commodities market participants in
India has been limited to commodity futures contracts, physical commodities and
ETF gold. Trade and investment in commodities in the demat form is a dream come
true for retail investors and portfolio managers.”
The electronic exchange is promoted jointly by
Financial Technologies and India’s National Agricultural Co-operative Marketing
Federation. It offers 23 commodities from 49 delivery centres across 11 states.