Business Standard

Here come the 'gold'en opportunities

Going For Gold

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Sangita Shah Mumbai
 And central banks across the globe use the yellow metal as a hedge against currency fluctuation.

 The hassle of storing gold in a safe place and also the cost attached to such storage is inducing investors to look for alternative investments in gold apart from holding the metal in physical form.

 Moreover, investment in jewellery also entails the cost of making charges and alloy addition, which lead to loss in investment at the time of sale.

 Thus, gold coins and bars are fast moving up the preference list of savvy investors.

 The ICICI Bank, Tanishq and leading local jewellers that have launched gold coins and bars are finding that buyers of such products increasing fast.

 The UK-based Gold Field Mineral Services (GFMS), the official data channel of the World Gold Council (WGC), said investments in gold bars have seen a substantial rise in India.

 Apart from investment in gold coins and bars, the other investment options include mutual fund schemes, gold deposit schemes or gold mobilisation schemes, gold denominated certificates (similar to that of promissory notes

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First Published: Aug 26 2003 | 12:00 AM IST

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