Budget proposal on agri commodities revives hope for BSE-IBJA gold exchange

A gold exchange was first proposed by the IBJA with the BSE as an equity partner

Finance minister Arun Jaitley's Budget announcement of setting up a committee to consider the integration of spot and derivatives commodity markets has revived the hope for a gold exchange. 

While the finance minister mentioned this proposal in connection with agricultural commodities, sources in the know say that the same analogy of integration will be applied to IBJA-BSE venture for gold exchange. Further, a meeting of government officials and some experts was held a few days before the Budget in New Delhi where the issue of permitting gold exchange was discussed.

A gold exchange was first proposed, sometime in end-2015, by the