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Quantum AMCs Budget Expectation: Allow imports and exports of gold to be made freely

India Infoline News Service | Mumbai |

A few other reforms that can be introduced to fulfill the dream of making India the gold-trading capital of the world

Government policies play a big role in making or breaking the market. The budget is likely the first glance into the policies of the new government and will provide us with cues of the road map for the future. A few other reforms that can be introduced to fulfill the dream of making India the gold-trading capital of the world

Allow imports and exports of gold to be made freely or with minimal restrictions like a free market.

In order to find the true price of that commodity or currencywe need to get domestic prices on level with international prices. This will bring about an efficient two way transfer of the commodity or currency.

There is a huge amount of accumulated wealth of gold in India. We need credible and viable policies for mobilization of these savings like the interest rates offered on gold deposit are so low for anyone to even think about parting away with their gold.

The government should focus on implementation of reforms and look at the bigger picture to develop the gold market as it truly possesses the potential of becoming the gold trading capital of the world.


Pre Budget Expectation of Chirag Mehta, Fund Manager- Commodities, Quantum AMC
 

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