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  • BSE Signs MOU With Pataliputra Sarafa Sangh Of Bihar Small Jewelers Will Learn How To Hedge Gold

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new Delhi17 days ago

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In order to further strengthen the commodity derivatives market, the stock exchange has signed a Consensus Agreement (MoU) with the Bullion Trade Organization of Bihar

  • Will help value chain participants better manage price risk
  • Small jewelers will be able to protect themselves from losses due to fluctuations in gold price

The major stock exchange BSE said on Tuesday that it has tied up with Bihar’s bullion trade and industry body Pataliputra Sarafa Sangh. In order to further strengthen the commodity derivatives market, the stock exchange has signed a Consensus Agreement (MoU) with the Bullion Trade Organization of Bihar. The BSE said that this agreement will help in the development of value chain participants as well as help them cope with competition and manage price risk better.

This alliance will give small jewelers of Pataliputra Sarafa Sangh an opportunity to learn how to hedge gold. With this, they will be able to protect themselves from losses due to fluctuations in the price of gold. The agreement will facilitate participation in seminars and other events to make people aware of the commodity derivatives market and its benefits and to encourage commodity stockholders to hedge on the exchange.

Pataliputra Sarafa Sangh will help BSE to design new products on commodities contracts for expensive metals

Pataliputra Sarafa Sangh will help BSE to design new products on commodities contracts for expensive metals. BSE CBO Sameer Patil said that this alliance will help more participants come forward to hedge on the exchange and create the necessary physical network for bullion trade. Vinod Kumar, President of Pataliputra Sarafa Sangh said that the jewelery traders of the Sangh will get the benefit of this alliance. Especially small jewelers will be able to learn the hedging process of gold and protect themselves from the loss due to fluctuations in the price of gold.

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