One Nation One Gold Rate Policy : Gold and silver rates vary from state to state. There are different taxes for it. However, the prices of gold and silver are likely to remain the same in all states and cities of the country soon. That is, in the case of gold and silver rates, the concept of 'One Nation One Gold Rate' is likely to become a reality soon.
The central government is considering to implement the policy of One Nation One Rate. The central government is of the view that the price of gold should be uniform across the country. This policy has also been supported by the Gem and Jewellery Council (JJC).
After the implementation of this policy, the price of gold will be the same in any part of the country. The policy is also likely to benefit gold traders and jewellers. Interestingly, many jewellers in the country have also agreed to implement this policy.
It is being claimed that transparency will come after the implementation of One Nation, One Rate in the country. Gold prices vary across the country. So where it is low, it is high. In many places, jewellers apply the price of gold arbitrarily. However, this can be curbed after the implementation of One Nation. An official announcement could be made in September. After the implementation of this policy, you can buy gold at the same price in any corner of the country.