Bombay Bullion Association (BBA) is planning to unveil an exchange-traded fund in gold, The Wall Street Journal reports. India’s main bullion trade body will have to register as a company to meet the requirements of the Securities and Exchange Board of India (SEBI).

BBA, which currently fixes an afternoon and a closing price, is also planning to fix a morning and an afternoon price for gold in India similar to the London Metal Exchange. It will also consider rolling out a silver ETF once it is permitted in India.

Click here for the story from The Wall Street Journal.