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SEBI approves framework for gold exchange, here’s how it will work

This much anticipated move comes after Finance Minister Nirmala Sitharaman announced SEBI as the regulator for spot gold exchanges in the budget.

September 28, 2021 / 06:56 PM IST
Sebi | PC-Shutterstock

Sebi | PC-Shutterstock

The board of the Securities and Exchange Board of India (SEBI) has approved the framework for spot trading of gold in India.

Currently, India allows trading only in gold futures, unlike China and several other countries which have spot exchanges.

This much anticipated move comes after Finance Minister Nirmala Sitharaman announced SEBI as the regulator for spot gold exchanges in the budget.

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