India's gold dealers and jewellers plan physical gold exchange

Section:

Indian Industry Group to Launch First Physical Gold Exchange

By Rajendra Jadhav
Reuters
Tuesday, December 8, 2015

MUMBAI, India -- A bullion association in India is planning to launch the country's first physical gold trading exchange, in an attempt to bring transparency to the market for the precious metal in the world's second biggest consumer.

The Mumbai-based India Bullion and Jewellers Association, a group consisting of gold dealers, traders, and jewellers, is talking with industry officials about launching the exchange next year.

A dedicated physical gold exchange could lead to standard gold pricing in India, and could also bring transparency to a market which can involve large cash transactions. ...

... For the remainder of the report:

http://www.reuters.com/article/india-gold-exchange-idUSL3N13X3NH20151208



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