India: Same Gold Price All the Places

Gold is a very important commodity in India. If I am not wrong then I think that the country has the highest amount of gold. In marriage, it is a must and giving gold ornament is a normal tradition. However, a big problem is that there is no uniformity of gold price in the country. So, you can find different prices in different areas. A new association called Indian Bullion Market Association (IBMA) has been formed to ensure same price all over the country. I hope that it can happen and it can benefit the consumers. Representatives from all the major stake holders have been included in the new association.