 "Sebi")
The Securities and Exchange Board of India (Sebi) proposed a framework for setting up a spot gold exchange, in a discussion paper released on Monday. The proposal was first announced by the finance minister in the Union Budget this year.
Sebi has sought comments on allowing trading in quantities as low as 5 grammes, permitting multiple spot exchanges, incentivising trading on the exchange platform, and having a single gold price across country with transportation cost adjusted as premium or discounted from traded price.
An industry official, who spoke on the condition of anonymity, said: “Physical market will coexist along with
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