Reliance Spot Starts Trade in 100 gm, 1 Kg Gold Bar 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.

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