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Budget 2019: Gold spot exchange, changes in GMS on cards, says document

Boost to rural income welcomed due to rub-off effcet on gold demand, but jewellers upset at no mention of duty cuts on raw material

Topics
Railway Budget  |  Gold  |  Gold Monetisation Scheme

Rajesh Bhayani  |  Mumbai 

Gold hits five-year high, crosses Rs 33,000 mark on macroeconomic risks

Government is considering a proposal for the setting up of a spot exchange under a comprehensive policy, a document on the implementation of 18-19 budget proposals stated. The document also stated that Broad guidelines for amendment of Monetisation Scheme has been prepared and is under consideration.

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First Published: Fri, February 01 2019. 16:04 IST