BSE, Gem & Jewellery Council sign MoU to promote EGRs and IIBX

In yet another landmark step, BSE - India's second largest commodity exchange signed a MoU with the Gem & Jewellery Council (GJC) to provide impetus for the growth and development of commodities and proposed EGR market in India. Apart from knowledge sharing and research, the MoU will help standardise EGRs for Indian markets and enhance transparency in pricing.

The MoU between both entities will also explore potential business and facilitate growth by sharing knowledge and expertise to promote the launch of the India International Bullion Exchange at GIFT city IFSC. Through this association, BSE and GJC, as well as the stakeholders they serve, will be able to capitalize on the synergies, knowledge and expertise to support innovations and development in spot trading for gold.

BSE, India's leading and most diverse exchange, is the market leader in the bullion ‘options in goods’ segment and only exchange to have deliveries executed in Gold, Gold Mini and Silver 30 kgs contract. BSE is also India's first exchange to complete deliveries of Gold under BSE -BIS India Good Delivery Standard, supporting the Prime Minister's vision of "Make in India" and "Atmanirbhar Bharat".

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market.BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.