SEBI clears norms for gold exchanges
The Hindu
Move will enable transparency in pricing, country will become ‘price setter’ in ecosystem, says Tyagi
The board of the Securities and Exchange Board of India (SEBI), on Tuesday approved the framework for a gold exchange as well as for vault managers.
These were proposals made in the last Union Budget.
The approval paves the way for gold exchanges to be set up for trading in ‘Electronic Gold Receipt’. (EGR) like in the case of other securities.
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