Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Gold December 04, 2019 03:30:12 PM

Shanghai Gold Exchange Mulls Entry to India’s Gold Import Market

Paul Ploumis
ScrapMonster Author
The senior officials of the Exchange recently held detailed discussions with stakeholders of the Indian bullion industry.
Shanghai Gold Exchange Mulls Entry to India’s Gold Import Market

SEATTLE (Scrap Monster): The Shanghai Gold Exchange is reportedly mulling ways to enter India’s gold import market. Incidentally, the country is second largest gold importer in the world after China.

The senior officials of the Exchange recently held detailed discussions with stakeholders of the Indian bullion industry. The participants of the meeting included representatives from the exchange, banks, India Bullion and Jewellers Association (IBJA) and the World Gold Council (WGC).

As India allows gold imports only by banks on consignment basis, there needs to be an intermediary for the exchange to import gold it. The exchange is said to have explored the possibilities for gold to be routed through the exchange to banks that have presence in both the countries. Other issues including delivery standards, tax on imports and potential legal barriers were also discussed in the meeting.

YOU MAY ALSO BE INTERESTED IN:

WGC Spotlights Bullion Banks as the Key Pillar of the Market

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search