{"id":10013,"date":"2012-04-18T04:20:27","date_gmt":"2012-04-18T02:20:27","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/update-2-indian-platinum-interest-set-to-sparkle-in-2012\/"},"modified":"2012-04-18T04:20:27","modified_gmt":"2012-04-18T02:20:27","slug":"update-2-indian-platinum-interest-set-to-sparkle-in-2012","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-indian-platinum-interest-set-to-sparkle-in-2012\/","title":{"rendered":"UPDATE 2-Indian platinum interest set to sparkle in 2012"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds quotes, background)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>By Siddesh Mayenkar<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">MUMBAI, April 17<\/span> (Reuters) &#8211; A new platinum contract was<br \/>\nlaunched in India on Tuesday to serve a market where the head of<br \/>\nthe bullion association said imports could rise by almost half<br \/>\nto 20-22 tonnes this year.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There is good demand and people think platinum will<br \/>\noutperform gold,&#8221; said Anjani Sinha, director of the Indian<br \/>\nBullion Marketing Association, who also heads the National Spot<br \/>\nExchange Ltd (NSEL).<\/p>\n<p><span><\/span><\/p>\n<p>The NSEL launched a spot platinum contract, which will be<br \/>\navailable in as low a denomination as 1 gram, as well as a 100<br \/>\ngram contract aimed at jewellers.<\/p>\n<p><span><\/span><\/p>\n<p>India already has four platinum futures contracts 0#MPLM:.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The option of physical delivery in coins or bars form in<br \/>\nmultiple locations makes the product all the more attractive<br \/>\napart from benefits like no storage issues,&#8221; said Sinha.<\/p>\n<p><span><\/span><\/p>\n<p>Platinum is mainly used in automotive catalytic converters<br \/>\nbut its use in jewellery is also growing.<\/p>\n<p><span><\/span><\/p>\n<p>Platinum jewellery consumption rose 40-50 percent in 2011.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds quotes, background) By Siddesh Mayenkar MUMBAI, April 17 (Reuters) &#8211; A new platinum contract was launched in India on Tuesday to serve a market where the head of the bullion association said imports could rise by almost half to 20-22 tonnes this year. &#8220;There is good demand and people think platinum will outperform gold,&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10013","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10013"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10013\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}