Gold lovers in India trapped in vicious cycle
Comment Source: Business edition - on April 6, 2013|
New Delhi/Noida, April 06 (ANI): Indian's legendary love for gold is threatening its economic growth as it draws capital out of an already cash strapped market. The returns from gold buying outshone investments in other fields in recent years, leading to reluctance from gold buyers to seek alternative investment options. Jewellery designers, Neha Sahdev and her sister Surbhi Ghai, said irrespective of the price, gold and jewellery is seen as safe asset by most Indian women.