State-run MMTC Limited, India’s Premier bullion trader, plans to introduce spot trading in gold coins on the country's leading agri-commodity bourse National Commodity and Derivative Exchange by July this year.

Currently, gold futures are traded in variants of 10 grams, one kilo and 8 gram coins on NCDEX counter.

MMTC India (MMTC) is a state-owned international trading company which engages in import and export of precious metals, minerals, metals, coal and hydrocarbons, agro products and fertilizers.

The PSU plans to import 14.8 percent more gold in 2008/09, and grow revenue by about as much. The dip in prices will spur demand in the world's largest market of the precious metal. In 2007/08, MMTC imported 122 tonnes of gold.

Recently, MMTC has launched a nine-day exhibition-cum-sale in the national capital along with World Gold Council (WGC) and Gitanjali Group, to cash on the gold demand during the festive occasion of Akshay Tritiya, an auspicious day for gold buying,

The company said, if prices remain stable, it would expect a business of over Rs 12 crore during May 2-11 sale period.

Apart from these, MMTC is also looking to raise its production of gold and silver coins to 2 million pieces a year, from 100,000 now, with the launch of a refinery in September 2009, in a joint venture with Swiss firm Pamp.