Q. What is the news?
The Securities & Exchange Board of India (SEBI) has floated a consultation paper on the proposed framework for Gold Exchange in India.
Q. Why such a move?
Q. What is a Gold Exchange?
Q. What are the ways in which one can invest in gold now?
Q. How can one trade on a gold exchange?
Q. How can one convert physical gold into EGRs?.
Q. Can EGRs be again converted into physical gold?
Q. What are the Issues with gold exchange?
As far as transactions are concerned, SEBI working groups have suggested that an entire transaction be divided into three tranches.