Zodia Custody and SBI are aiming to appeal to institutions interested in crypto investment and adoption.
Physical gold demand in India ticked up this week, as jewellers resumed purchases after staying away for a couple of weeks hoping for an import duty cut in the government budget amid the wedding season. India did not slash import duty on gold in its annual budget presented on Feb. 1, but raised the import duty on silver. Bullion industry was seeking a reduction in the duty as gold refiners have nearly stopped imports of gold dore, a semi-pure alloy, as grey market operators offer hefty discounts to market rates and cut into their slender margins.
By Barani Krishnan