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Gold News: India’s Gov’t to Overhaul Its Fragmented Market? | The Mesh Report

Gold News: India’s Gov’t to Overhaul Its Fragmented Market?

Mike Hammer September 1, 2017 Comments Off on Gold News: India’s Gov’t to Overhaul Its Fragmented Market?

As we’ve said before in prior gold news, India, is important in world gold trading.  What most people don’t appreciate is that India has the second-largest gold trading market in the world, behind London.

The curious part is that gold currently only trades as futures on that market.  India Prime Minister Narendra Modi‘s government pledged they would overhaul the fragmented gold market in India, adding a spot gold exchange like the one in London.

Continue Reading at The Gold Enthusiast

Photo: “Bank of England gold vaults” by Bank of England is licensed under CC BY-ND



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