Wednesday, May 12, 2021
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Physical gold in India swings to discount as pandemic stalls demand

Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions and kept buyers away. Several Indian states have run out of coronavirus vaccines as new infections surged to another daily record. "Almost every state government

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IFSCA issues norms for banking units to facilitate bullion trade

NEW DELHI: To facilitate development of the bullion market in India, International Financial Services Centres Authority (IFSCA) on Thursday issued enabling framework for banking units in IFSC. The enabling framework will help generate interest in trading and hedging activities, and serve as a precursor to International Bullion Exchange(IBE), IFSCA said

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