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India should subordinate itself to London fix, World Gold Council report says
Bullion Board Seen by World Gold Council as Way to Manage India Gold Demand
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/bullion-board-seen-by-council-a...
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