Government is preparing a comprehensive gold policy announced by the finance minister in the Union Budget this year, which will focus on making gold an asset class. This will be major shift from the past, because so far, gold has been treated under the category of demerit goods. Once it is recognised as a financial asset, the securitised form of gold could also be defined.
So far, the precious metal has been considered as a security only from the prism of gold exchange traded funds. However once it starts trading on a modern automated exchange platform, regulated by one of