Business Standard

Budget 2018: Govt mulls comprehensive policy for refined pure gold export

The Budget has mentioned the setting up of a comprehensive Gold Policy

Gold
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Global gold jewellery demand was 685.6 tonnes during the September quarter

Subhayan Chakraborty New Delhi
Ever since Finance Minister Arun Jaitley announced the creation of a comprehensive gold policy, differences of opinion have surfaced among various ministries on key issues pertaining to the precious metal.

One such issue, which the Ministry of Commerce and Industry and Ministry of Finance have argued over, is whether the export of pure gold processed by Indian refiners should be allowed or not.

The Budget has been woefully silent on the details of the upcoming gold policy. However, apart from the setting up of a gold board and spot exchanges for the yellow metal, sources have said this may involve

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