Homevideos Newsmarket Newscommodities News

    Gold industry at present not looking at any curb: India Bullion & Jewellers Association

    videos | IST

    Gold industry at present not looking at any curb: India Bullion & Jewellers Association

    Mini

    Surendra Mehta, secretary at India Bullion & Jewellers Association, spoke to CNBC-TV18 about the trends in the commodities market and shared outlook.

    Surendra Mehta, secretary at India Bullion & Jewellers Association, spoke to CNBC-TV18 about the trends in the commodities market and shared outlook.
    “The gold industry at present is not looking at any curb because any restriction on import of gold affects the market and only few people in the market make money out of any kind of restriction,” said Mehta.
    “Gold has two kind of demand, one is physical demand and another is the investment demand. What we feel that physical demand can be compensated through import of gold and the Gold Monetisation Scheme (GMS), and the investment demand should be transferred to sovereign gold bond. That is why what we are suggesting is the differential rate of duty on physical gold as well as sovereign gold bond and the additional duty connected on the physical gold can be compensated for repayment of the sovereign gold bond,” he added.
     
    Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know. 
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng