NSPOT, Riddhi Siddhi in pact for bullion bourse
NCDEX Spot Exchange today said it has entered into an agreement with Riddhi Siddhi Bullion to establish a nationwide bullion spot exchange.
The joint initiative is aimed at providing a transparent online spot trading platform for precious metals, like gold and silver, NCDEX Spot Exchange (NSPOT) said in a statement.
NSPOT has already launched gold and silver contracts with Ahmedabad and Mumbai as delivery centres, it said.
It also aims to introduce contracts in all major spot markets for bullion across the country, the statement added.