Gold Now - Mumbai will be available for trade from July 27, NCDEX said in a release.
The 'Gold Now' platform accepts gold recycled in exchange-approved refineries as good delivery. This was intended to reduce the dependence on imports, it said.
"The Gold Now national marketplace is an endeavour 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 their efficiencies," NCDEX Managing Director and CEO Samir Shah said.
The delivery will also be available in Jaipur soon. The delivery facilities are available at Mumbai, Hyderabad, Ahmedabad, Chennai and Delhi.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%