BSE completes physical delivery in Gold mini options and in Cotton J34 futures contract in February 2022.
BSE, India’s premier & world’s fastest exchange, announced yet another successful completion of physical gold delivery along with first ever delivery of Cotton J34 variety in India. Gold mini options in Goods contract witnessed deliveries at the exchange designated vault at Ahmedabad in February under the LBMA standards. While, North-based cotton quality – Cotton J34 futures contract was delivered at Hanumangarh.
Commenting on the development, Shri Sameer Patil, Chief Business Officer – BSE, said, “The physical market activity we have been observing recently is very encouraging. We have successfully delivered first ever futures contract of Cotton J34 variety in India which is another milestone for us.”
BSE’s seamless trading platform, integrated with a robust delivery framework for ‘options in goods’ contracts have proved extremely beneficial and cost efficient for jewellers, bullion dealers and other physical market participants. It empowers them to not only hedge their price risk but also avail delivery on expiry of the contract.