Contact Your Financial Adviser Money Making MC
4
November 2016
The Indian government has decided to
develop the country's own standard for gold. The first Indian gold standard
will be called as the Bharatiya Nirdeshak Dravya (BND 4201). The Total Investment & Insurance
Solutions
India Government Mint, a unit of
Security Printing and Minting Corp of India Ltd, has signed an agreement with
Bhabha Atomic Research Centre (BARC) and CSIR-National Physical Laboratory
(NPL) to develop the first gold standard. The Total Investment & Insurance Solutions
Gold reference standard is indispensable
in gold and jewellery hall marking and assumes greater importance in the gold
monetisation scheme of the Indian government. "Gold reference material
being developed under the agreement will be useful for collection and purity
testing centres (CPTC) to certify the purity of gold deposits under the Scheme.
This development thus will be beneficial to consumer to ensure purity of
gold," a release from the Government Mint says. The Total Investment & Insurance Solutions
At present, the gold reference material
is imported. Development of this reference material indigenously will add to
the Make in India campaign and will save foreign exchange as well as minimise
dependency on foreign countries, the release adds.The Total Investment & Insurance Solutions
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