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Tops Indian banks ponder over proposed ‘Gold Deposit Account’ scheme

The bullion industry in India has made a presentation to the top banks in the country on the proposal to open ‘ gold accounts’. These accounts would be similar to fixed deposit account. Retail customers could open the account by depositing quantities ...

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India gold sales plunge Apr.-Aug. 2014

The recent study conducted by the All India Gem and Jewellery Trade Federation (GJF) indicates that gold bullion and coin sales in the country dropped sharply during the initial five-month period current fiscal. The period from April to August reported 70% drop ...

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