Thursday, August 1, 2013

Gold funds’ growth plans at standstill; jewellers push for recycling

With the Reserve Bank of India curbing gold imports, gold-backed exchange-traded funds and gold fund-of-funds find their expansion plans at standstill. On the other hand, jewellers, faced with shortage of gold, are encouraging recycling of used jewellery by their customers. Gold exchange-traded funds are awaiting clarifications from the RBI on gold import regulations.......

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