MUMBAI: A day after the government raised import duty on gold to 8 per cent, Finance Minister P Chidambaram today said the surging imports are unsustainable and advised the banks to tell customers not to invest in the precious metal.
"Banks have a role to play in dampening the enthusiasm for gold...I would urge all banks to please advise their branches that they should not encourage their customers to invest in or buy gold", he said while addressing the annual general meeting of the Indian Banks' Association (IBA).
Read more...
SilverGoldBull is the most reputable precious metals dealer. You will be provided with reasonable, up-to-minute rates and make sure your precious metals arrives to your door discreetly and safely.
ReplyDelete