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Get latest articles and stories on Latest News at LatestLY. Markets regulator Sebi has notified rules for vault managers that allow bourses to set up a gold exchange in the country. Latest News | Sebi Notifies Vault Managers Rules; Allows Bourses to Set Up Gold Exchange in India.
Securities market regulator SEBI on Tuesday approved a slew of investor and business-friendly measures,...
Several finer details need to be ironed out before SEBI’s gold trading initiative can take off
Sebi proposes framework for setting up gold exchange SECTIONS Share Synopsis The objective behind setting up gold exchanges is for India to become a price setter rather than a price taker and to establish an India good delivery standard, akin to London Bullion Market Association (LBMA) accredited gold bars. The gold bars has to be BIS or LBMA accredited. To establish a mechanism for vaulting and trading of the gold on recognised or new exchanges, SEBI constituted two working groups which submitted their reports to it on April 27. Related Mumbai: Retail investors, banks, FPIs and jewellers wil...