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Strategies & Market Trends : Asia Forum

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To: Mohan Marette who wrote (1534)	1/25/1998 11:44:00 AM
From: Mohan Marette	Read Replies (1) of 9980

Wow,that IS a lot of gold. Source: Business Standard -------------------------------------------------------------------- The gold market and the gold-linked financial products are set to become more sophisticated in India, says Abhijit Das India hoards more than eight per cent of the gold that has ever been mined in the world. In figures, that works out to 9,500 tonnes of gold worth about Rs 4,930 billion. But the market for gold has remained unsophisticated, and that for gold-linked financial products, undeveloped. All that is set to change now............. ------------------------------------------------------------------- ps:1 billion Rupee = Approx.US$ 26 million ie.approx. $124 worth of gold per person

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