World Gold Council endorses Indian government's gold paperization plan

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World Gold Council Welcomes Government's Draft Policy on Sovereign Gold Bonds

From The Press Trust of India
via The Times of India, Mumbai
Friday, June 19, 2015

NEW DELHI -- The government's proposed policy on sovereign gold bonds would provide investment choice to consumers and integrate gold further into regulated financial sector, the World Gold Council said today.

With a view to curb demand for physical gold, the government today proposed to issue sovereign gold bonds. A discussion paper has been floated on the scheme for which comments are invited till July 2.

"Any step that increases consumer choices and makes gold a fungible asset class is good. ... Gold investment products which integrate gold further into the regulated financial sector are a positive development," WGC India Managing Director Somasundaram PR said. ...

... For the remainder of the report:

http://economictimes.indiatimes.com/markets/bonds/world-gold-council-wel...



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