GLOSSARY

Canadian Maple Leafs

The Government of Canada issues its own gold bullion coin called Canadian Gold Maple Leaf (GML). It was introduced in 1979 by the Royal Canadian Mint. While the standard version has a weight of minimum 1 ounce, other sizes and denominations are also available namely, ​1⁄25 ounce, ​1⁄20 ounce, ​1⁄10 ounce , ​1⁄4 ounce and ​1⁄2 ounce. Its obverse side carries the profile of Queen Elizabeth II of Canada, and the reverse side carries the embossment of Canadian Maple Leaf

Capital appreciation

Refers to appreciation or increase of the original capital amount invested in gold. In India, historically, gold prices have shown general tendency of appreciating.

Capital gains

Capital gains refer to the gains that the investors in gold have made from the sale of gold. Capital gains on gold are taxed in India. Therefore, one must make sure to ask for a proper bill while purchasing gold.

Carat

The carat, also written as ct is a unit of measurement of precious gemstones and pearls. The weight of one carat is equal to 200 mg.

Chain Of Integrity

The Chain of Integrity refers to a system consisting of a safe supply chain comprising of authorised refineries, high-security logistics providers, secure storage providers, auditors, banks etc. This is a system to ensure that the gold supplied meets the 'Good Delivery' standards.

Chandrahaar

Chandrahaar is a traditional Bengali necklace design. It derives its etymology from Hindi words 'chandra' meaning moon and 'haar' meaning necklace and is made with a layer of chains consisting of minute gold balls.

Chinese Panda

The People's Republic of China introduced a series of bullion gold coins in 1982 called Chinese Panda. The obverse side contains the design of the 'temple of heaven' and with Chinese characters on top saying "Zhonghua Renmin Gongheguo" meaning People's Republic of China and the design of the Panda displayed on the reverse side of the coin is changed every year. It earlier came in variants ranging from 1/20 ounces to 1 ounce, but since 2016 the metric weight system of grams was introduced.

Chur

A chur is a type of broad and flat gold bracelet worn by Bengali women. While the traditional designs require a minimum of 40-50 grams of gold to make each piece, contemporary designs can be crafted in around 25 grams of gold per piece.

Commodities market

It is a market where investors trade in primary products rather than manufactured products. Agricultural products such as wheat, coffee, cocoa, and sugar are called soft commodities whereas mined commodities such as gold and oil are called hard commodities. MCX in India, COMEX in London, and NYMEX in the US are popular commodity exchanges.