Indian gold industry forms self-regulatory body with WGC backing

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India’s gold industry, with the support of the World Gold Council , has established a self-regulatory organization in a bid to increase consumer confidence and restore trust, the WGC said on Tuesday.

India is the world’s second-biggest gold consumer after China, but the industry has a trust deficit with consumers and even the government due to poor practices by a small section of the business, he said.

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