Gold News: New Proposal Could Life India’s Demand
Mike Hammer of The Gold Enthusiast - - Mon Feb 11, 9:46AM CST
gold nuggets, gold price

A new set of proposals could lift . Developed as a “comprehensive” set of new guidelines, the proposals would allow consumers to use  in direct exchanges with banks – just like currency.  Spot exchange pricing would become possible, allowing consumers and banks to have an exact value for gold at the time of the exchange.

This means gold would take on a  role in the , in addition to being a store of value and a base metal for jewelry and electronics. This is not expected to have much effect on demand immediately, but over time one could expect use of gold to rise, especially if inflation rose. You can read more about these interesting proposals in today’s featured article.

Continue reading at The Hindu Business Line