Indians find gold glittering after financial losses

UPDATED ON OCT 18, 2008 11:32 PM IST
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With investors losing money in the equities market, property going through a slump and paranoia growing over savings left in some bank, they are now hedging their bets by buying into gold. It has given a positive return on investment in the past one year. India is world's largest gold consumer and gold import in the current year, ending March 31, will be between 150 tonnes to 180 tonnes.

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