India is the world’s largest consumer of gold, importing nearly 800 tonnes a year, or 20 per cent of global demand. It will be interesting to see how the new domestic gold bullion market will evolve via The National Spot Exchange, in the coming months, offering contracts ranging in size from 8g to 1kg. I also think that fair and orderly price discovery is key to gold market's trustworthiness.
Useful link:
www.nationalspotexchange.com
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