..............Gold is an important issue and the Reserve Bank came out a few months ago with a set of recommendations relating to development of financial products that can substitute for gold. On one hand these are things like inflation index bonds but there are also other gold specific products, what I would like to call dematerialise gold products or Demat gold products, which give you the investment attributes of gold, but without the need to physically possess it. That is the set of alternatives where the physical import of gold may be reduced even though people want to invest in it..............
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