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Gold Silver Reports (GSR) – The Government Gets Ready to Accept Gold as an Asset Class — In the Union Budget 2018, finance minister Arun Jailtley announced the government’s intention to formulate a comprehensive gold policy, to develop gold as an asset class. In his speech, the minister said that the government will establish a system of consumer-friendly and trade-efficient and regulated gold exchanges in the country.
Gold Silver Reports — Gold Price Steady on Weak Demand, Silver Falls by Rs500 – Silver prices slumped below the Rs40,000 per kg level by falling Rs500 to Rs39,800 per kg at the bullion market on Saturday, tracking a weak trend overseas amid reduced industrial offtake.