With the Launch of Electronic Gold Receipt (EGR) on BSE Junction, you will be able to get better Information Related to metals.
BSE EGR:-The Stock Exchange has launched Electronic Gold Receipt EGR through its platform. This decision will go a long way towards securing good prices for the yellow metal. According to a statement issued by the exchange, two new high-quality products, 995 and 999, were introduced during the Mahurat trading on Diwali. There will be trading in 1 gram multiples. Delivery will be 10 grams with a maximum of 100 grams.
A Mock Trading Session was Organized.
The final approval has been received after implementing EGR from SEBI about a month back. In the month of February, BSE got a smooth approval from SEBI, soon after which the exchange conducted a mock trading session for its committee members to facilitate trading in EGR.
All Participating Members will Get Service.
Services will be provided to all the members in the market with EGR. This will include sellers, banks, refiners, jewelers, retailers, etc., along with their investment in buying on the exchange. BSE SBO Sameer Patil says that after the introduction of EGR, it will prove to be very effective not only for BSE but also for the bullion industry.
With the Implementation of EGR, you will now be able to Buy Pure Gold.
The introduction of EGR will help in ensuring a better quality of gold. It is believed to be a way to improve the quality of gold supplied through this.
This will give a good price for gold and transparency in the transaction will be seen.
Also, let us tell you that India is also the second largest consumer of gold in the world with an annual gold demand of 800-900 tones and also holds a very good position in the global markets.
What is the Commodity Market?
A commodity market is an exchange for investors to trade in commodity markets like precious metals, crude oil, natural gas, energy, and spices. Today, the Forward Markets Commission allows futures trading for about 120 commodities in India.
There are two types of goods in the market. a solid object and a soft object. Solid goods are mostly used as productive materials to make and service other goods, but soft goods are mainly used for initial consumption.
How many types of Commodities are there?
There are 50 major commodity markets worldwide. Only four major commodities have been traded by the trader.
Metals like iron, copper, and aluminum.
Energy Goods: commodities like uranium, ethanol, coal, etc.
Agricultural Commodities: sugar, cocoa, cotton, spices, grains, eggs, etc.
Environmental Goods:-Renewable energy, carbon emissions, etc. items in this slab
