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Mumbai customs department hits gold jackpot

Mumbai Brace For Record Gold Prices On Akshaya Tritiya, Traditions Remain Strong Despite Soaring Rates

Mumbai Brace For Record Gold Prices On Akshaya Tritiya, Traditions Remain Strong Despite Soaring Rates
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Long before Mahua Moitra, the first MP to face cash-for-query charges

Decode Politics: Why did Nehru move expulsion motion in India s first cash-for-query case in 1951 | Political Pulse News

SEBI unveils roadmap for bullion trading - The Hindu BusinessLine

SEBI unveils roadmap for bullion trading May 17, 2021 Proposes Electronic Gold Receipts to bring in transparency Indian investors will soon see a new class of security known as Electronic Gold Receipts (EGR) that will be available for trading on the stock exchanges. Like shares, these EGRs will be held in demat form and can be converted into physical gold when needed. This is part of SEBI’s plan to allow trading of spot gold on the exchange platforms. India is one of the world’s largest consumers of gold with annual demand of around 900-1,000 tonnes. But the purchase of spot gold is only on over-the-counter market as of now. In this year’s Budget, the Finance Minister had designated SEBI as a regulator for spot exchanges. The National Stock Exchange, BSE, the Multi Commodity Exchange and National Commodity & Derivatives Exchange are expected to be given permission initially to trade EGRs.

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