BSE receives Sebi's approval to initiate futures contract in gold, silver

BSE has received capital market regulator Sebi's approval to launch delivery based futures contract in gold and silver.

BSE has received capital market regulator Sebi's approval to launch delivery based futures contract in gold and silver.

"Trading of these contracts will be launched on October 1, 2018. Contract start day will be the 6th day of contract launch month and last trading day will be the 5th day of contract expiry month," the exchange said in a statement Wednesday.

The commodity trading session will be from Monday to Friday 10 am to 11.30/11:55 pm, it added.

BSE will launch delivery based futures contract in gold (1 kg) and silver (30 kg).

The delivery center of gold and silver futures contract will be exchange-designated vaults at Ahmedabad initially and then expanding it pan-India in the second phase, the statement said.