RBI Mandates Banks to Report ‘Over-the-Counter’ Transactions in Gold Derivatives from February 1, 2025
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- Last Updated on 30 December, 2024
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Circular no. RBI/2024-25/98 FMRD.FMD.No.08/02.03.185/2024-25; Dated: 27.12.2024
RBI has mandated the reporting of transactions in gold derivatives undertaken by banks and their customers. Banks must report all over-the-counter (OTC) transactions in gold derivatives undertaken by them in domestic markets, International Financial Services Centre (IFSC) and outside India to the trade repository of Clearing Corporation of India Ltd. (CCIL) with effect from February 1, 2025. The reporting formats must be as indicated by CCIL with the prior approval of the RBI.
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