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

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

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Chris Powell

GATA

Published : December 10th, 2014

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FOLLOW : China Gold India London London Fix World Gold Council

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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...

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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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