November 27, 2022

Going for gold – The Hindu BusinessLine

Consumers’ reluctance to melt jewellery for assaying has hit earlier gold monetisation schemes

Going for gold The Hindu BusinessLine

India is the second largest shopper of gold on the earth and its households sit on a big hoard of bullion by means of financial savings. Thus, it makes eminent sense for our policymakers to attempt to onshore spot bullion buying and selling, in order that home gold may be monetised and native consumers play an energetic function in setting bullion benchmark costs. Securities and Trade Board of India’s (SEBI) new framework for traders to swap their bodily gold into exchange-tradeable Digital Gold Receipts (EGRs) is…

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