The Reliance Spot Exchange has rolled out E Gold Souk, a physical trading platform in bullion, Hindustan Times reports. It is a business-to-business bullion exchange platform.
Gold will be available in the form of London Bullion Market Association-approved gold bars of denominations 1 kilogram and 100 grams. Buyers and sellers can place orders with a margin of 5 percent, but will have to pay in balance funds/commodity by the settlement time.
Click here for the story from Hindustan Times.