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India should subordinate itself to London fix, World Gold Council report says

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Published : December 10th, 2014
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Category : GoldWire

By Swansy Afonso
Bloomberg News
Tuesday, December 9, 2014

MUMBAI, India -- India, the world's largest gold consumer after China, should start a bullion board to regulate trade and a spot exchange to offer uniform prices across the country, the World Gold Council said.

The board should manage imports, encourage exports, and boost infrastructure for the industry, while the spot bourse would create a national pricing structure derived from the London fixing, the council said today in a joint report with the Federation of Indian Chambers of Commerce and Industry, an industry group. ...

... For the remainder of the report:

http://www.bloomberg.com/news/2014-12-09/bull...by-council-a...

 

Data and Statistics for these countries : China | India | All
Gold and Silver Prices for these countries : China | India | All
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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