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From Pillow To Productive Asset — Can The Gold Exchange Make A Difference?
Gold stock exchange will bring efficiency to the wholesale market. But its real benefit lies in taking it to the retail segment.
India has a love-hate relationship with gold. Indians love gold. Indian policymakers hate that they love it. An estimated 24,000 tonnes of gold lies unused with Indian households and religious institutions, according to a 2018 report by the NITI Aayog. From time to time, efforts have been made to bring this gold into the productive economy — from gold monetisation schemes to gold bonds and now the gold stock exchange.The gold exchang...
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