RSBL Gold Silver Bars/Coins

Thursday, 25 April 2013


Hubli, 24th April, 2013:   After successful launch of RSBL eCoins in Andhra Pradesh, RiddiSiddhi
Bullions Ltd. (RSBL) is glad to launch its 18th delivery center of online spot trading system RSBL SPOT (Flagship product) in Hubli, Karnataka.

This online system will enable clients to buy as well as sell precious metals like gold, silver and platinum. Since its first introduction in Mumbai, Maharashtra in the year 2008, RSBL SPOT boasts a 2500+ client base with 17 delivery centers across India. The city of Hubli will witness RSBL's 18th Authorized Delivery Center.

The company has launched two symbols:
1. 1Kilo Gold symbol. 995 purity, T+2. Symbol name: GOLDHUBT+2.
2. 100gms Gold symbol. 999 purity, T+2. Symbol name: GOLDHUB100

Hubli based symbols on RSBL SPOT will be preferably traded only with the intention of giving or taking delivery within a T + 2 cycle of trading, i.e. the delivery has to take place within 2 working days after the tradable day.

Speaking at the launch, Mr. Mukesh Kothari, Director, RiddiSiddhi Bullions Ltd. quoted,”Hubli being a hub by itself would enable all the jewellers/clients in the neighbouring regions of north Karnataka, to trade with convenience. As per our research, the need of the hour in Hubli is better price transparency in bullion market and benchmark rates. With our successful reach in 17 cities across India, I feel that RSBL SPOT is the system, the jewelers are looking for.”

As of today, RSBL SPOT online trading system is available in Ahmedabad, Bengaluru, Chennai, Coimbatore, Delhi, Ernakulum, Hyderabad, Indore, Jaipur, Hubli, Kochi, Kolkata, Pune, Rajkot, Surat, Thrissur, Trivandrum, Vijaywada with the head office located in Mumbai.

Clients with VAT certificate of Karnataka state would be eligible for registration with RSBL SPOT. Along with benchmark Prices and Price transparency, RSBL SPOT helps combat volatility risks due to live trading; covering Indian and International market hours (10.05 am to 9 pm IST). The system offers International live rates, research report, recommendations; news updates etc to make trading efficient. Though important features can be adapted quickly by beginners, there are many more features for advanced users, especially those who like trading technically. The application provides access to real time Indian bullion price quotes for everyone in the bullion ecosystem – jewellers, banks and investors.

“The primary purpose of this blog by Prithviraj Kothari - MD, RSBL, is to educate the masses of the current happenings in the Bullion world.”

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"Is it the end of the "golden" era?

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