SUBSCRIBER NOTE: Platts to change IGP timestamp to 1700 Indian Standard Time (IST)

Following a period of market feedback and engagement, Platts has decided to shift the timestamp for its Indian Gold premium to reflect the prevailing value at 1700 Indian Standard Time (IST). The previous timestamp was 1800 IST.

Platts launched its IGP assessment of the premium or discount value in dollars/troy ounce to reflect the prevailing value over international gold bullion values at 1800 IST. The daily market engagement involved in the gathering of the underlying data suggests that liquidity is highest just preceding the close of opportunity for participants to hedge currency exposure with the Reserve Bank of India rupee/dollar exchange rate issuance at around 1700 IST.

These changes become effective October 30, 2015. All other specifications will remain the same. This change was first proposed in a note published September 10, 2015.

Please send any comments or questions to george.king.cassell@platts.com and copy pricegroup@platts.com.

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