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Which becomes the first state in India to launch uniform gold prices based on the bank rate?
A)
Kerala
B)
Karnataka
C)
Telangana
D)
Andhra Pradesh

Correct Answer : Option (A) - Kerala


Kerala becomes the first state in India to launch uniform gold prices based on the bank rate.

* The decision to introduce a uniform price on 916 purity 22-carat gold has been taken at meeting between Malabar Gold and Diamonds and All Kerala Gold and Silver Merchants Association.

* It offers an opportunity for consumers to purchase gold at a reasonable and transparent price.

* In most states, gold is priced at Rs 150-300 per gram extra over the bank rate..

Source : Economic Times

Published On : November 8, 2022
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