RBI Expands Gold Hedging Options for Residents Amidst Price Surge
In response to the soaring gold prices, expected to surpass $2700 per ounce this year amidst escalating geopolitical tensions in the Middle East, the Reserve Bank of India (RBI) announced a significant policy amendment. This move allows resident entities to diversify their hedging strategies against gold price volatility in overseas markets. Policy Update Effective immediately, …
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