Precious Metals Physical Trader

Job Title

Precious Metals Physical Trader – India

Location	Mumbai, India (Remote)
Department	Trading & Treasury
Reports To	Head of Trading / Chief Dealer

Job Summary

The Precious Metals Physical Trader will be responsible for sourcing, trading, and managing physical precious metals, primarily gold, silver, platinum, and palladium, within the Indian market. The role involves executing physical trades, managing inventory and price risk, maintaining relationships with suppliers, refiners, banks, jewelers, and institutional clients, and ensuring compliance with regulatory requirements. The trader will monitor domestic and international bullion markets to identify trading opportunities and optimize profitability.

Key Responsibilities

Trading & Market Operations

• Execute physical precious metals trades (Gold, Silver, Platinum, Palladium).
• Manage daily bullion trading activities and pricing strategies.
• Monitor international precious metals markets including spot, futures, and forward markets.
• Analyze market trends, macroeconomic developments, currency movements, and geopolitical events affecting bullion prices.
• Develop and implement trading strategies to maximize margins and profitability.

Procurement & Supply Chain Management

• Source precious metals from approved suppliers, refiners, banks, and international counterparties.
• Negotiate purchase and sale agreements with domestic and overseas clients.
• Coordinate imports, exports, logistics, vaulting, and delivery schedules.
• Monitor inventory levels and optimize stock management.

Risk Management

• Manage market, price, liquidity, and counterparty risks.
• Utilize hedging instruments including futures, forwards, and options where applicable.
• Monitor open positions and exposure limits.
• Ensure adherence to risk management policies and trading mandates.

Client Relationship Management

• Build and maintain relationships with:
  • Bullion dealers
  • Jewellery manufacturers
  • Banks and financial institutions
  • Refiners
  • Institutional investors
  • Corporate clients
• Provide market insights and pricing solutions to clients.
• Identify new business opportunities and expand the customer base.

Regulatory & Compliance

• Ensure compliance with:
  • RBI regulations
  • DGFT guidelines
  • Customs regulations
  • GST requirements
  • SEBI regulations (where applicable)
  • Internal compliance and AML policies
• Maintain accurate trade records and reporting documentation.

Reporting & Analysis

• Prepare daily trading reports and profit-and-loss analysis.
• Monitor market positions and inventory reports.
• Conduct competitor and market intelligence analysis.
• Present market outlooks and trading recommendations to management.

Required Qualifications

Experience

• 5–15 years of experience in:
  • Physical bullion trading
  • Precious metals markets
  • Commodity trading
  • Treasury or dealing operations
• Strong understanding of Indian bullion market structure.

Technical Skills

• Knowledge of precious metals pricing and market dynamics.
• Understanding of:
  • LBMA standards
  • COMEX futures
  • MCX contracts
  • International bullion settlement processes
• Experience with trading platforms and treasury systems.
• Advanced Excel and financial modeling skills.
• Familiarity with risk management and hedging strategies.

Key Competencies

• Strong negotiation and relationship management skills.
• Commercial and entrepreneurial mindset.
• Excellent analytical and quantitative abilities.
• Decision-making under market pressure.
• High attention to detail and compliance awareness.
• Strong communication and presentation skills.