Indians Permitted to Hedge Gold Price Risk Overseas Markets

The Reserve Bank of India (RBI), under Governor Shaktikanta Das's announcement during a Monetary Policy Committee meeting, now allows Indian residents to hedge gold price risks at recognized exchanges in the International Financial Services Centre (IFSC). This new ruling aims to protect participants in the gold industry—like producers, traders, and investors—from volatile price movements through strategies like forward contracts, options, and futures. This change, which removes previous restrictions on overseas hedging, is expected to bolster the competitiveness of the Indian jewellery market.