The way for the Gold Stock Exchange opened in the country:Now trading of gold can be done like a share, by redeeming it, you will also be able to take gold; Silver ETF also approved
Now Trading Of Gold Can Be Done Like A Share, By Redeeming It, You Will Also Be Able To Take Gold; Silver ETFs Also Approved
TPN24 Desk 
The way has been cleared for the opening of the Gold Stock Exchange in the country. In this, trading of gold will be like shares in the form of an Electronic Gold Receipt (EGR). Gold can also be taken by redeeming it. Markets regulator SEBI's board meeting on Tuesday approved the framework for the Gold Exchange and SEBI (Vault Managers) Regulations, 2021. The face value of EGR for trading can be decided by recognized stock exchanges with the approval of SEBI.
EGR will not have an expiry date and EGR holders can keep it for as long as they want and can surrender the EGR and take gold from the vault at that time value by surrendering the EGR. EGR will be notified as a security under the Securities Contracts (Regulation) Act, 1956. Any recognized or new stock exchange can start EGR trading in a different segment.
SEBI will have to be registered with the
gold exchange, the minimum value or up to what weight EGR trade can be done, it is not yet decided. Companies with a net worth of more than 50 crores will be able to become Vault Managers in the Gold Stock Exchange. They have to register with SEBI. India is the second-largest consumer of gold after China. Indian market consumes 800 tonnes of gold every year. In such a situation, the gold exchange can get a big success.
Gold prices will increase transparency in the fixed
According to Kedia advisory director Ajay Kedia Exchange, gold buying and selling to the national stage. This will fix the national price of gold in the market. At present, the price of gold in different cities of the country has increased to Rs. 2 thousand many times. There is a difference of every 10 grams.
SEBI has also approved the
Social Stock Exchange SEBI has also approved the Social Stock Exchange. Social enterprises will be able to raise capital from the market through this. SSE will come under the regulatory purview of SEBI. However, the timeline for its launch has not been fixed. There are social stock exchanges in Europe, North-South American countries.
