India is all set to lure global fund managers in a different investment product all together this time.
After getting them into the equity and recently the debt market, gold futures is likely to be next most lucrative destination.
Global pension funds, hedge funds and bullion banks such as JP Morgan Chase, Merill Lynch, Barricks Gold and Societe General, Deutche Bank and HSBC have evinced interest in Indian gold derivatives market and they discussed possibilities about entering Indian gold futures trading at the recent annual London Bullion Market Association meeting.
Narendra Gupta of NCDEX told