BSE completes delivery of Gold mini options contracts under BSE-BIS India Good Delivery Standards

3 Jan 2022 , 11:09 AM

BSE, India’s second largest commodities exchange, announced yet another successful completion of physical gold delivery of its December maturity Gold mini contracts on the ‘Options in Goods’ framework. This marks the 14th month where deliveries have taken place since the contracts were launched in June 2020. A large quantum of gold was delivered at the exchange designated vault in Ahmedabad, Gujarat with participation from multiple members.

The Gold mini ‘options in goods’ contracts delivered were based on BSE – BIS India Good Delivery Standards in alignment with the Prime Minister’s vision of “Make in India” and “Atmanirbhar Bharat”.

Commenting on this milestone, Shri Sameer Patil, Chief Business Officer, BSE, said, “It is very encouraging that the physical market is using the BSE platform to source their gold requirements. It reiterates the commitment of BSE to provide a cost efficient mechanism and robust price discovery platform coupled with a smooth settlement framework which fulfils the need of BSE members.”

BSE’s seamless trading platform, integrated with a robust delivery framework for ‘options in goods’ contracts have proved extremely beneficial and cost efficient for jewellers, bullion dealers and other physical market participants. It empowers them to not only hedge their price risk but also avail delivery on expiry of the contract. Parker Precious Metals LLP, M D Overseas Pvt. Ltd., Augmont Enterprises Pvt. Ltd. and Sovereign Metals Ltd. are empanelled by BSE to deliver serial-numbered gold bars on the exchange platform. BSE thanks the consistent support and active participation of all its members and looks forward to increased participation in the future.