Currently India is the largest consumer and importer of gold in the world. Monetising the gold within the country is, therefore, important for macroeconomic stability, and requires a credible scheme for valuing, storing, and tracking the metal.
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EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.