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BSE gets Sebi nod to launch gold mini, guarseed, guargum futures contracts

BSE commenced trading in gold and silver contracts on October 1, 2018.|
Jan 15, 2019, 06.55 PM IST
BSE has received Sebi’s approval to launch Gold Mini, Guarseed and Guargum Future contracts on its commodity derivatives segment.

These future contracts are monthly compulsory deliverable contracts with lot size of 100 grams, 10 tonne and 10 tonnes, respectively.

Of late, the exchange entered into an agreement with various agricultural premier associations and warehouse service providers in India for the growth and development of commodity derivatives markets in the agricultural complex.

BSE commenced trading in gold and silver contracts on October 1, 2018 to mark its entry into the commodity derivatives segment and become the country’s first universal stock exchange with all asset classes including equity, mutual funds, currency and commodity in its portfolio.

With BSE waiving transaction charges for the first year on commodities market operations, the commodity trading at BSE is gaining momentum and is bringing down an enormous cost for hedgers.

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