Mumbai, Dec 2 (Agency) BSE created history by becoming India’s first exchange to complete consecutive deliveries of Gold under BSE -BIS India Good Delivery Standard on its commodity derivatives platform, supporting the Prime Minister’s vision of “Make in India” and “Atmanirbhar Bharat”. The exchange executed delivery of Gold and Silver to the tune of more than Rs 1 crore in the ‘Options in Goods’ framework, marking the sixth consecutive month of deliveries at the exchange designated vault in Ahmedabad, Gujarat. The refined gold delivered on the exchange platform was produced by Parker Precious Metals LLP. In addition to these refineries, M D Overseas Pvt. Ltd., Augmont Enterprises Pvt. Ltd. and Sovereign Metals ltd. are also empanelled by BSE to deliver serial-numbered gold bars on the exchange platform.
Earlier, BSE used to accept only serial-numbered gold bars approved by the London Bullion Market Association (LBMA) for the settlement of gold contracts exchanged on the commodity derivatives segment of the exchange. The exchange executed deliveries of Silver based on LBMA standards under the ‘Options in Goods’ segment, at the exchange designated vault in Ahmedabad, Gujarat. Commenting on this milestone, Shri Sameer Patil, Chief Business Officer, BSE, said, “The deliveries and acceptance of Indian refined gold will facilitate greater participation and widen the array of acceptable gold provided by members for delivery of Bullion on commodity derivatives segment of BSE.”