NSEL unites bullion traders to start IBMA for price discovery in India
India's National Spot Exchange Ltd. (NSEL) said it has tied up with bullion associations across the country to launch Indian Bullion Market Association (IBMA), which would act as de facto association of bullion traders, mainly for price discovery on the lines of London Bullion Market Association (LBMA).

LBMA is a trade association which represents the wholesale gold and silver...

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