........Commenting on the RBI decision, the All-India Gems and Jewellery Federation (GJF) Chairman Haresh Soni said this is a positive step for the industry as supplies will increase. It will help in reducing the domestic gold prices as this smoothening of supply will help in reducing the premiums, which currently is ruling at USD 80-90 an ounce, he said. India is the largest importer of gold, which is mainly utilised to meet the demand of the jewellery industry......
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