Readers Response: Gold price fixing: Uniformity needed- Chetan Thadeshwar

Your cover story on gold fixing raised some important issues. I think, on the domestic front there should be uniformity in gold price throughout the country. Today, the premiums on gold levied by the banks and the varying taxes levied by the different state governments create irregularity in prices. Luckily, the new government is in favour of introducing the GST. This will help in getting a uniform price. Also, trade bodies like GJEPC and IBJA should be allowed more authority on gold so they can determine benchmark Indian spot price for the bullion industry.

Chetan Thadeshwar
Director
Shringar House of Mangalsutra Pvt Ltd,
Mumbai