World Gold Council, FICCI recommend creation of India Gold Exchange
The Dollar Business Bureau Gold demand in India is not dependent on price fluctuations. In a survey conducted by WGC and FICCI, 19% of respondents said they would buy more gold if prices rose while just 6% said they would sell The Federation of Indian Chambers of Commerce and Industry (FICCI) and the World Gold Council (WGC) have made several recommendations including the creation of an India Gold Exchange and the establishment of a Gold Board to help the government manage imports and boost exports while improving price transparency. In a report, “Why India needs a gold policy”, published today, FICCI and WGC have made seven recommendations for an effective Gold Policy in India. The report says that an Indian Gold ...
