Options in gold

.....However, it is not yet clear whether RBI will make regulations needed for other banks and financial institutions to launch such products or would associate itself with these products. In any case, its intention is to curb physical import of gold, which has been weighing heavily on the current account deficit (CAD) of the country. In the financial year 2011-12 (FY12), the country had imported 1,067 tonnes of gold worth $60 billion. Some of the products mentioned by Gokarn were modified gold deposit scheme, gold pension plan, gold-linked account and gold accumulation plan......

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