After subdued Dusshera sales, jewelers have lined up discounts and freebies to lure buyers ahead of Dhanteras.
Symbol: GOLD| Contract: Dec, 2017| Category: Bullion
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Dhanteras and Diwali traditionally see a lot of buying of precious metals and jewellery.
India is the world's second-biggest consumer of the precious metal, although most of the retail purchases are made offline.
The Sovereign Gold Bond offers an alternative to owning gold in the physical form and eliminates the risk of storage.
The government rolled back its notification dated August 23 that classified dealers in precious metals, precious stones and other high value goods as persons carrying on designated business and professions under the Prevention of Money Laundering Act (PMLA), 2002.
The Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX) currently offer gold futures contracts in India, but do not have a platform for physical trade.
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