How ‘one nation, one gold price’ could soon become a reality

Many jewellers also undercut the market by selling at lower rates by evading taxes, industry insiders said. Gold is an imported commodity and, therefore, the import price is the same across the country. But jewellery associations in different parts of the country fix different board rates, leading to multiple prices.

Kolkata: The demand for a uniform gold rate across the country is gathering pace. Jewellery chain Malabar Gold & Diamonds has introduced uniform pricing of gold across all its stores in the country, and some other jewellers plan to follow suit.Gold is an imported commodity and, therefore, the import price is the same across the country. But jewellery associations in different parts of the country fix different board rates, leading to To Read the Full Story, Become an ET Prime Member

Access the exclusive Economic Times stories, Editorial and Expert opinion

Click here to view original web page at economictimes.indiatimes.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.