BSE plans bullion trading platform with Reliance Money

April 21st, 2008 - 2:59 pm ICT by admin  


Mumbai, April 21 (IANS) The Bombay Stock Exchange (BSE) plans to set up India’s first bullion trading platform here in collaboration with the Reliance Money Ltd. It will be called the Bullion Spot Market (BSM). Trading will take place over the counter and determine the price in the world gold markets, Sunil Bandopadhyay, director and CEO of Reliance Money Ltd, said Monday.

Apart from BSE and Reliance Money Ltd, the venture will be in association with the Bombay Bullion Association, National Multi-Commodities Stock Exchange and IT People (India) Ltd.

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