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

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

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Many jewellers also undercut the market by selling at lower rates by evading taxes, industry insiders said.

Synopsis

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

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ET Bureau

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