ML-Implode News - Study calls for Indian gold spot exchange

"Despite being the second largest gold importer in the world with a demand of nearly 1,000 tonne annually, India lacks many key elements of the gold ecosystem," IIM-A professor Joshy Jacob, who conducted the study along with Prof Jayant Verma, said.
A gold exchange would lead to efficient price discovery, assurance in the quality of gold, active retail participation, greater integration with financial markets, and greater gold recycling, Jacob said.
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"We have seen that after Turkey, China and Dubai set up gold exchanges, gold trade became more regularised and a gold value chain has been completed in those countries, Jacob said.

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Study calls for Indian gold spot exchange