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The gold market in India is predominantly a market for buying and selling physical gold and gold in the form of ornaments. In the physical gold front, in the wholesale segment, nominated agencies are the bulk importers. This market is reasonably efficient from the point of view of distribution of bars and scraps over the length and breadth of the country, which takes place in a very effective manner. Price uniformity is also generally observable in areas with identical incidence of duties anddoi:10.5539/ijms.v2n1p213 fatcat:bra4fkn6vzatpn2ttbzthajvim