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Here's what govt could do for a better gold policy

A few suggestions from various stakeholders in the precious metals sector

Gold edges higher, awaiting direction on US rates
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Rajesh Bhayani Mumbai

Former Reserve Bank of India governor Venugopal Reddy says there is need for a comprehensive policy on gold, owing to its role in the economy and in order to handle the precious metal in a better way.

Gold is a favourite subject for Reddy, having done a lot of work on policy in this regard. "It is time we have a positive approach to policy for gold," he said.

Business Standard spoke to various stakeholders in the precious metals sector. Here are some suggestions for the coming Union Budget and after.

* Form an umbrella agency to decide on policy, such as a