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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Reserve Bank of India <br /><br /> Advance against pledge of gold ornaments and jewellery<br /><br /> MANU/RMIC/0367/2015 - (15 Oct 2015)<br /><br /> </td> </tr> <tr> <td align="left" valign="top"></td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>Reserve Bank of India has extended its policy standardising the valuation of gold jewellery presented towards security or collateral to cooperative banks, which may now use historical spot gold price data of the preceding 30 days publicly disseminated by a commodity exchange regulated by SEBI.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Relevant : Advance against Pledge of Gold/ Silver Ornaments <manuid>MANU/RMIC/0063/2014</manuid> Lending against Gold Jewellery <manuid>MANU/RMIC/0103/2014</manuid></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : Valuation, gold, ornaments, jewllery, cooperative bank</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>