SEBI member says gold imports should be routed through exchange ecosystem
Such a step would ensure that gold monetisation takes place right at the source as the metal enters the country
Industry Steering Committee releases blueprint for spot gold exchange in India
The Committee proposes setting up of Bullion Exchanges that would provide an efficient and trusted ecosystem for trading gold and ensure the success of financialisation of gold, with an aim to improve market transparency, protect the interests of market participants and facilitate India to emerge as a price setter for gold
Gold spot exchange bourse inches closer to construction
After reviewing standards at global gold spot exchanges and Indian exchanges, the committee suggested that the exchange should have a tiered and flexible membership structure, with members meeting a minimum net worth requirement.
WGC to submit blueprint on spot gold exchange to govt soon
The World Gold Council (WGC) said it will soon submit the blueprint on spot exchange for yellow metal to the government.
Union Budget Favourable for Gold but Detrimental for the Diamond & Gemstone Industry Owing to Doubling of Customs Duty to 5 Per Cent
While announcements for gold seemed positive, the industry mourns the Government’s decision to increase customs duty to 5 per cent on polished diamonds as well as gemstones.
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