Commodity exchange NCDEX has launched a delivery centre here for 'Gold Now', an online market for the precious metal that was introduced last month.
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.
Gold Now offers bullion in 1kg and 100gram forward contracts for six centres with daily delivery facility.
The delivery will also be available in Jaipur soon. The delivery facilities are available at Mumbai, Hyderabad, Ahmedabad, Chennai and Delhi.
