Security Exchange Board of India (SEBI) is a non statutory body that is in charge to regulate securities and protecting the interests of investors and promoting free and trade practices.
Under the SEBI act 1922, SEBI is ensuring corruption-free stock and securities exchange, only Brokers and sub-brokers registered under SEBI Agents are allowed to buy and sell.
On 28. September.2021, SEBI waved the green flag on the exchange of gold also known as yellow metal. The Significant decision taken was taken in the meeting Of the board of directors. This path was paved to stop malpractice in gold trading.
Authorities said that gold will exchange in the form of digital Gold or Electronic Gold Receipt. SEBI aspires to Create a better platform for gold trading. This Amendment will establish and develop a federal Market and most importantly only hallmarked gold Will be traded.
“The Gold Exchange is expected to create a vibrant Gold ecosystem commensurate with India’s large Share of gold consumption, The Gold Exchange Would be a national platform for buying and selling EGRs with underlying standardized gold in India And also create a national pricing structure for Gold.” Said the market regulator on Tuesday to Press and media.