One Nation One Gold Price: The price of gold is different in every state and every big city in the country. Apart from the tax rate of the states, many other things are also involved in it. According to sources, the One Nation One Price policy for gold is going to be implemented soon.
After the implementation of this policy, the price of gold will be the same everywhere. This policy has also been supported by the Gem and Jewellery Council. It is being told that all the big jewelers across the country have agreed to this.
According to reports, an official announcement regarding this policy may be made in the meeting to be held in September 2024. However, the gold industry is making new plans to implement this policy and deal with the challenges that arise thereafter.
Actually this is a proposed scheme of the central government, which aims to implement uniform gold prices across the country. After the implementation of this policy, you will be able to buy and sell gold at one price in any corner of the country.
National Bullion Exchange to be set up
For this, the government will set up a National Bullion Exchange. The price of gold will be determined through this exchange. Jewellery sellers will sell gold at the fixed price through this exchange.
Gold prices may fall
With the implementation of this policy, transparency in the market will increase. Due to reduction in the difference in the prices of gold, its prices may also come down. Apart from this, the tendency of charging arbitrary prices for gold will also be curbed.
Beneficial for customers
This policy can prove to be beneficial for the customers. With a single rate of gold, all customers will get jewellery at the same price. With a single rate across the country, the gold market will become even better. Apart from this, the price of gold can come down due to the different prices being unified in the states. This will also create a fair competitive environment in the gold industry.
