Thu, Oct 28, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commodities Exchanges more

Pros of a spot gold exchange in India

Posted on 22 February 2016

An Exchange in India would help much to create a vibrant gold ecosystem matching India’s large share of global gold consumption. Although India is the world’s second largest gold consumer with an annual demand of nearly 1,000 tonnes, it lacks many key elements of an efficient gold ecosystem.
The gold market here is plagued by fragmentation, with prices varying significantly across channels and locations. The quality of gold also varies widely. Jewellery rather than gold bars, gold coins, or gold-linked financial products, still dominates retail demand. Large jewellers and traders mostly import refined gold from international markets, such as Dubai, causing loss of economic value and jobs in India………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
October 2021
S M T W T F S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31