00:00In different cities of the country, the prices of gold and silver are also different.
00:07On the rate of gold and silver, apart from the different taxes of each state,
00:11many types of things are added, due to which their prices are different in each state.
00:16Now a big change is going to come in the country.
00:19Gem and Jewelry Council One Nation One Rate Policy is ready to be implemented.
00:24So what are the details, how will it be beneficial, how will the prices be reduced
00:29and will the prices of gold and silver decrease or increase after this policy?
00:34We will try to understand in detail in this video.
00:37So see, after this, it will happen that if you buy gold anywhere in the country,
00:42you will get the same rate.
00:44If this happens, the common man will get gold at the same price in his city.
00:48Actually, there was a tradition of adopting One Nation One Rate all over the country for a long time.
00:53Now the jewelers all over the country are ready to implement this policy.
00:57It is expected that its official announcement will be made next month, i.e. in September.
01:03One Nation One Rate Policy is a scheme proposed by the Indian government.
01:08The aim of the government is to equalize the prices of gold in the whole country.
01:12To implement this scheme, the government will make a bullion exchange on the national label.
01:18National Bullion Exchange will decide the prices of gold in the whole country.
01:22If we understand it in an easier language,
01:25then see, the prices of a company's share in the share market are the same all over the country.
01:30And the same price is listed on the Bombay Stock Exchange or National Stock Exchange.
01:35Currently, the purchase and sale of gold and silver is on MCX.
01:40But now there will be an exchange for Sarrafa Bazaar as well.
01:43The demand for making this exchange has been there for a long time.
01:47Now let's understand its benefits.
01:49If the bullion exchange on the national level decides the prices of gold,
01:54then the jewellers all over the country will have to sell gold at the same price that the exchange will decide.
01:59This will increase transparency in this industry.
02:03At the same time, the common man will also get gold at the same price in the whole country.
02:07Suppose you live in Lucknow and gold is expensive there.
02:11In such a case, if there is a wedding in your house,
02:14then you go to the city where you can get cheap gold from Lucknow to buy gold.
02:20Now after the implementation of this scheme, this problem will be solved.
02:25Now we will know how the prices are calculated.
02:29Currently, the prices of gold are calculated by the Sarrafa Bazaar Association,
02:34which is different for each city.
02:36Usually, each Sarrafa Bazaar releases the prices of its own cities in the evening.
02:41On the basis of petrol and diesel, the prices of gold and silver are also decided every day.
02:45Global sentiments also play a very important role in the prices of gold and silver.
02:50The prices of the international market also affect the domestic market.
02:54Now the biggest question is that will the prices be reduced?
02:57So after the arrival of this policy, transparency will increase in the industry,
03:01which will benefit the common man as well.
03:03The difference in prices can lead to a reduction in the prices of gold.
03:08At the same time, jewelry will be controlled at will.
03:11With the arrival of this scheme, competition will also increase in business.
03:14Therefore, this scheme can also prove to be a milestone in terms of business.
03:19To implement this policy, the Jewelers' Association GJC, i.e. German Jewelry Council,
03:24has taken the opinion of the jewelers across the country,
03:27in which the jewelers have agreed to implement it.
03:30If we talk about the prices of gold now,
03:33then gold has become quite expensive compared to January.
03:37Gold had made its all-time high of Rs 75,000.
03:40If we talk about the current situation, then the prices of gold are around Rs 74,000.
03:45The prices of gold are continuously increasing.
03:48But it is possible that after the arrival of this policy,
03:51people will see a little relief.
03:54What do you think about this scheme?
03:56Should it be implemented?
03:58Do tell us by commenting.
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04:35Thank you for watching.
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