Bullion trading platform from Reliance Money

Mumbai: Reliance Money said on Monday it plans to launch an over-the-counter bullion trading platform along with the Bombay Stock Exchange (BSE) and the Bombay Bullion Association.

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The online trading platform, to be launched in a month, will allow trading in gold and silver by jewellers and retail investors, Sudip Bandyopadhyay, director and CEO of Reliance Money, said in a press conference.

For the settlement of the trades, a separate company would be formed with Reliance Money, BSE, National Multi-Commodity Exchange, Bombay Bullion Association and IT People (India) Ltd as share holders, he said.

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