“To mitigate the risks of potential clients of Banking Units (BU) who may seek to buy / sell or take positions in gold / silver or in order to trade or hedge their exposure in bullion”, a- he declared.
All BUs are allowed to open unallocated gold (XAU) and silver (XAG) accounts subject to the risk management framework and disclosures, he added.
In December 2019, Parliament passed a bill to create a unified authority to regulate all financial activities of IFSCs in the country.
This content was originally published here.
NSE signs pact to set up international bullion exchange at GIFT City An…
According to Kitco News, the official Mint in Australia recorded a decrease in the amount of gold and silver bullion…
Share Great Content for Our Resource Section
MoneyForGold.com is a resource site created for those looking to sell their personal collection of gold - whether it’s jewelry, coins, bars, antiques, etc., anything made from gold can be sold for quick cash. We encourage visitors to signup and share quality “Money For Gold” resources.
Have a question or comment? Email us at: firstname.lastname@example.org