'As an investor, I either have to exit my investments in the next three months or use dark pools or cash to transact. For a normal investor, it will be almost impossible to transact in bitcoin and other digital currencies.'
Uncertainties like the bankruptcies bill, rising non-performing accounts at banks and political uncertainty are expected to drive gold demand higher in India.
Cryptocurrency exchanges face issues with their current bank accounts.
Totally 13 global brands were surveyed by NGO on whether they ensured human right protection while sourcing when gold and diamonds
Measure to be implemented in metros first, followed by state capitals, district HQs and rest of country
There has been some improvement in prices of oilseed and gram after the central government increased their import duties
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
Two entities under the Union ministry of commerce report differing figures for import of cut and polished diamonds for the first eight months of the financial year.
'We don't trade with any business where we have specific concerns,' a De Beers spokesperson said.
The spotlight is back on the hawala trade in diamonds.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
Indian exchanges see spurt in volumes due to the entry of newcomers to the trade
While the gold policy covers every aspect, from sourcing gold to trading and investing in it, experts assert that the policy is incomplete if mining of gold in India isn't promoted.
Stick to export-focussed plays, large-caps, say analysts
BSE proposes two models for making gold trading and investment transparent
Last week, the country's leading exchange, Zebpay, launched trading in Litecoin, which is the eighth-largest cryptocurrency, following rising demand from Indian investors.
Silver has a dual role - 60 per cent of the total silver produced is used for industrial purposes in the electrical & electronics segment and photovoltaic demand mostly for solar panels.
India Bullion and Jewellers Association said, self-certification of coins by refineries contravenes the basic purpose of a certifying agency.
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
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