Gold imports via GIFT to help cut down forex outgo - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 1 August 2022

Gold imports via GIFT to help cut down forex outgo

Costs could come down by as much as $50 a kilogram initially, people familiar with the matter told ET, as the Bullion Exchange (IIBX) at GIFT City becomes the favoured platform for gold consignments in a country where the yellow metal has beaten all competing asset classes as the traditional store of value.

from Commodities-Markets-Economic Times
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