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

Platts is extending the feedback period on a proposal to publish a daily settlement value for gold bullion in India. A subsequent launch would now be in early May 2015.

Platts will also consider including Indian Tariff and Customs duty in the calculated value, to make Gold Settlement India (GSI) a delivered duty paid value. Platts will also consider publishing the settlement value in Rupee per kilogram and Rupee per 10 grams.

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 27, 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.