“Developing a Framework for Establishing an SRO in India ”

The gold ecosystem in India, despite numerous reforms in recent times, is still riddled with various problems such as transparency, price discovery, and standardisation among many others. Moreover, the business of gold has multiple regulators and ministries controlling the various aspects of the business. Pahle India Foundation believes that the business of gold could benefit from the establishment of a Self-Regulatory Organisation (SRO), which can help these regulators and ministries in framing uniform regulatory guidelines and further support development of market infrastructure.