SUBSCRIBER NOTE: Platts proposes launch of gold settlement value for India

Platts is proposing to publish a daily settlement value for gold bullion imported by India, effective April 13, 2015.

Platts Gold Settlement India is intended to reflect a settlement value for gold in kilo bars delivered to a secure vault in India normalized to Ahmedabad in Indian rupees per troy ounce.

The value comprises an assessment of the prevailing international spot value for gold, Platts' existing Gold Premium India (GPI) assessment, and an Indian Rupee exchange rate, also using prevailing market rates assessed at 18:00:00 India local time. For example, the composite value on March 30, 2015, would be US$1186.10 + US$1.50 x 62.611 = INR 74,350.56/tr oz.

The settlement value would be published daily following the India business calendar on Platts Metals Alert page 313 and in the newsletter Metals Daily. Platts would also publish a monthly average of the daily settlement value in the same publications.

Please send any comments or questions to ben.kilbey@platts.com and copy pricegroup@platts.com. The deadline for submitting comments is April 10, 2015.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.