Singapore Kilobar Gold Contract Trading Going Live This Oct 2014
Here is another latest development and sign of continuous demand for physical gold. The new Singapore Kilobar Gold Contract will start trading on 13 Oct 14. The 25 kilobar exchange-traded gold contract will be the first of its kind to be offered globally.
It aims to cater to the continuing strong demand for physical gold in Asia, according to the International Enterprise Singapore, the Singapore Bullion Market Association, Singapore Exchange (SGX) and the World Gold Council.