Friday, March 25, 2005

Idle Gold

A great move to tap india's vast wealth, the gold.But will it work?.

India, the world's largest gold importer and consumer, announced last month that mutual funds could launch Gold Exchange Traded Funds to enable people to buy and sell gold in units as small as about $2. The units can be listed on stock bourses. Details of the scheme are still being worked out.more

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