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1 Page 1 of 7 E-Paper Today's Paper SmartInvestor.in B2B Connect Apps BS Products BS HindiBS MotoringBS BooksEconomy & Industry Sign in Register News Stock Quote Authors Advanced Search Home Markets Companies Opinion Politics Technology Specials PF Portfolio My Page Overview News Stocks Commodities IPOs Mutual Funds Mutual Fund Tools Derivatives BS Fund Manager Markets» Commodities» Precious Metals
2 Page 2 of 7 NCDEX adds Mumbai as new delivery centre for gold contract 'Gold Now - Mumbai' is a contract intended to make gold available specifically for bullion dealers and jewellery manufacturers BS Reporter Mumbai July 24, 2015 Last Updated at 18:15 IST Share 1 Tweet 8 0 Share 0 My Page Related News FMC-Sebi merger was needed: Samir Shah NCDEX plans to introduce India gold futures contract Rajasthan exempts WDRA warehouse from stock limit on pulses NCDEX may provide technical assistance to Myanmar Commodity Exchange NCDEX to offer gold forward trading platform to retail customers soon Leading agri-centric commodity futures trading platform National Commodity & Derivatives Exchange (NCDEX) launched Mumbai as its delivery centre for Gold Now contract, which was launched last month. As an extension of the existing Gold Now contract, Gold Now Mumbai is a contract intended to make gold available specifically for bullion dealers and jewellery manufacturers, which would be available for trading from July 27. NCDEX believes the new segment of the existing contract would help expand trading on the exchange platform and gold to get delivered through futures platform. This would help reduce imports. The Gold Now platform is the first transparent and convenient online market for buying and selling gold. Aligned with the Make in India campaign of the government, the platform will accept gold recycled in exchange-approved refineries as Good Delivery. The Gold Now national marketplace is an endeavor towards creating an ecosystem that is at par with international standards. With the launch of the platform in Mumbai, we are hopeful it will help the local bullion and jewellery industry improve its efficiencies, said Samir Shah, MD & CEO, NCDEX. The Gold Now platform provides an impetus to the domestic recycling industry. After a year-long exhaustive and meticulous accreditation process which was designed and conducted by three leading experts of international repute, the Exchange has approved four domestic refineries as Good Delivery on the Gold Now platform. They satisfy the stringent financial, technical and customer due diligence standards established by the Exchange. Gold Now offers bullion in 1-kg and 100-gram forward contracts for six centres with daily delivery facility through T+1 and T+2 settlement system. In addition to Mumbai, Hyderabad, Ahmedabad, Chennai and Delhi, delivery will also be available in Jaipur shortly. Read more on: Ncdex Gold Contract Samir Shah Read More
3 Page 3 of 7 Chris Wood says gold could visit $ 1000 level Christopher Wood, MD and chief strategist of CLSA has now forecasted bearish trend in gold prices. He said today in his famous 'greed and fear'... Share 1 Tweet 8 0 Share 0 Add to My Page Recommended for you Advertisements ZipSIP Smarter, Quicker & Easier way to invest Wash away stains and monsoon worries with BOSCH. Say good bye to washed out clothes this monsoon. $Daily One Sure Intraday Hot Stock Tip. Get Profit by 11:30 AM. Click or Call Now $ Presenting India s most convenient pharmacy - Netmeds.com Looking to get Rich? Try SIPs for a change with ZipSIP Now get prescription medicines delivered to your doorstep! Driving Growth Through Innovation India Invest in SIPs in ZipSIP. It's Paperless & FREE Contemporary western wear for men and women. Click here Galaxy Surfactants matches concept with products for changing beauty trends Follow the ZipSIP route to get RICH! Arihant Innochem introduces US-based Colonial Chemical's green surfactant Trading tip Buy BS Book Back to Top Quick Links Commodities Go Latest News All News In This Section Back to Top Organised plywood firms pin hopes on GST to improve market Hi redbus launches service in Malaysia, Singapore Click here to go My Page Lalu Prasad held during Bihar bandh, rail, roads traffic hit Before today's OnePlus 2 launch, invites go live
4 Page 4 of 7 Alert sounded in Mumbai, elsewhere in Maharashtra China slides again, European shares Search Company: follow ManageMySpa raises $6 million from Accel Partners Fiat Chrysler says to pay record $90 Quick Links - Markets million for recall lapses Jayalalithaa drops Senthil Balaji from Stock Markets Live her cabinet Stock Market News Airtel selects Ericsson as LTE network supplier for Gabon Portfolio Derivatives Organised plywood firms pin hopes on GST to improve market Commodities redbus launches service in Malaysia, Mutual Funds Singapore Lalu Prasad held during Bihar bandh, Browse Mutual Funds rail, roads traffic hit Before today's OnePlus 2 launch, invites go live Alert sounded in Mumbai, elsewhere in Maharashtra China slides again, European shares follow ManageMySpa raises $6 million from Accel Partners Fiat Chrysler says to pay record $90 million for recall lapses Jayalalithaa drops Senthil Balaji from her cabinet Airtel selects Ericsson as LTE network supplier for Gabon News you can use From BS Website Home Don't reduce PF contribution Markets What is Gratuity? Companies What are NEFT and RTGS? Opinion Check your Income Tax Credit credit Technology status form-26as online Specials Saving capital gain tax on sale of Personal Finance property Latest News Today's Paper A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Browse Companies A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Index Stocks Axis Bank B H E L Bajaj Auto Bharti Airtel Cipla Coal India Dr Reddy's Labs GAIL (India) H D F C HDFC Bank Hero Motocorp Hind. Unilever Hindalco Inds. ICICI Bank Infosys ITC Larsen & Toubro M & M Maruti Suzuki NTPC O N G C Reliance Inds. Vedanta Ltd. St Bk of India Sun Pharma.Inds. Tata Motors Tata Power Co. Tata Steel TCS Wipro iphone ipad android Blackberry wap facebook twitter Google+ RSS Youtube
5 Page 5 of 7 Calculate tax on your house property General News income General Videos How to Check your EPF Balance & General Photo Gallery status online Events Authors Sponsored Content About BS About Us Code of Conduct Terms & Conditions Disclaimer Support & Contact Partner with Us Careers Advertise with Us Contact Us Feedback Most Popular Subscribe Read E-Paper Shared BS Magazines Commented Portfolio Tracker 4G bandwagon: Airtel to roll out BS Products services before Reliance Jio BS Hindi 10 reported dead in suspected terror BS Motoring attack in Punjab's Gurdaspur district; BS Books one militant killed B2B Connect P-note crackdown may weigh heavy on iphone markets ipad android RIL e-commerce plans set to ride on Jio wap infrastructure Bell the CAT in one day this year Connect with BS Facebook Top builders sitting on 70,000 crore Twitter worth of unsold inventory Google + Youtube Black money probe team pulls up Sebi RSS Red Square on sale Latest News Mihir S Sharma: The people are silent T N Ninan: The defensive crouch Copyrights 2015 Business Standard Private Ltd. All rights reserved. Mihir S Sharma: The people are silent Railway Ministry: 8 achievements that really aren't Right turn for pluralism On smoking (Part 591) Who killed Yakub Memon?
6 Page 6 of 7 Market News Nickel rises by 0.1% on Asian cues Traders strengthened positions amid a firming Asian cues Oil prices rise further in Asia Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices Markets remain rangebound; HUL up over 2%, Hindalco dips 1% Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis Pharma shares in focus; Aurobindo Pharma hits new high JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each. Infinite Computer gains on board approval for share buyback proposal The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market...
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