Latest Breaking News On - பிரிதுதுவிராஜ் கோத்தாரி - Page 1 : comparemela.com

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.

Prithviraj kothariBhargav vaidyaBombay bullion associationMulti commodity exchangeNational stock exchangeNational commodity derivatives exchangeElectronic gold receiptsFinance ministerNational commodityDerivatives exchangeSecurities transaction taxBombay bullionGold tradingYellow metalBullion tradingபிரிதுதுவிராஜ் கோத்தாரி