The yellow metal can glitter some more

With the electronic gold receipts' launch, the gold market will be infused with transparency in spot transactions, enabling India to emerge as price setter, eliminating existing market inefficiencies

Warren Buffet once said, “Gold is a way of going long on fear”. 
 

Gold is still a scarce but liquid asset, ranking at levels comparable to many global stock mar-kets as well as currency spreads. It has generated long-term positive returns in both good times and bad. In recent times, the gold market narrative has been driven by the contrasting effects of persistently high inflation and central banks raising interest rates in response.
 

Over the last two years, central bank purchases have more than doubled, led by China, Turkey, and India. Traditionally, when gold prices dip, they stock up. As