New Delhi: The technology-driven futures trading in gold and silver will fulfil its objectives only if poor farmers and small gold-smiths benefit from it, Consumer Affairs, Food and Public Distribution Minister Sharad Yadav said in New Delhi on October 3.

Launching the future trading in gold and silver in New Delhi, Yadav said poor farmers use gold and silver as investment for meeting future financial crises and hoped the trading would be made relevant to them through dissemination of information about prices.

Besides, Yadav said, there were lakhs of small gold smiths who make their living out of this business and it was important they derive benefits from this scientific system.

Yadav said the National Multi-Commodity Exchange of India, which would conduct gold and silver future trading from today, was expected to provide greater remuneration for the farmers.

PTI