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Reliance Spot Starts Trade in 100 gm, 1 Kg Gold Bar Contracts
Sep. 29, 2011 11:35AM PST
Precious Metals InvestingReuters reported that Reliance Spot Exchange is targeting smaller jewellers by trading 100 gram and 1 kilogram gold contracts.
Reuters reported that Reliance Spot Exchange is targeting smaller jewellers by trading 100 gram and 1 kilogram gold contracts.
The market news is quoted as saying:
The aim is to take care of the needs of small jewellers, who are usually at a loss as their requirement will be less and to meet this they are forced to buy from bigger counterparts without standardised packaging, said Rajnikant Patel, director, RSX.
