Alberaqdar pointed out that some gold traders sell handmade bullion to customers by cutting the weights according to demand.
Abdullah Montaser, the head of the stamping and weighing department, said that gold bullion traded in markets come in two types, imported and local, and both are authorised to be traded in markets and sold to customers after being stamped and numbered in the department of stamps.
Investors can also choose non-lease model where the bullion is just stored.
Prithviraj Kothari, Director of RSBL, can be credited for the development of the gold, silver and bullion industry in India.
But punishing bullion traders for the same may not be appropriate.
Vaidya, a chartered accountant and advisor to the Bombay Bullion Association ( BBA).
The IIGC in Kochi had over 400 participants from the world's most prominent names in the bullion industry including bullion banks, nominated banks, and international refiners, leading jewelry manufacturers and official trade representatives from Canada, Singapore, Peru, Ghana, Liberia, and Myanmar.
We were awarded the "Best Gold Bullion Dealer of the year 2017-18" title for the 3rd time in a row, "Best Gold Seller in India" title for the second year in a row along with the "Best Bullion Dealer in India".
This year, the 2-day event included discussions on various topics by bullion experts under the theme of 'Building ethical business for sustenance'.
This yearly celebration is attended by the renowned personalities of the Bullion Industry from across the world.
These awards join the Hall of Fame at RSBL, joining other prestigious trophies such as Golden Arm, Best Bullion
Dealer, Emerging India and EPCES Export Awards that it has earned over the years.
Government has mandated MMTC Ltd., A Government of India Enterprise, under the Ministry of Commerce and Industry, Department of Commerce to launch the Indian Gold Coin and the Indian Gold Bullion
. These will be minted by the Security Printing and Minting Corporation of India Limited (SPMCIL) and hallmarked by the Bureau of Indian Standards (BIS).