Funds Can Earn Interest Lending Gold to Banks, IDBI Mutual Says

Demand for gold may fall because of tax increase, says <a href='custom:bloomberg:%3CF%23%3E1%3CNSN%3EMGZ5GU1A1I4K%3CGO%3E'>IDBI Mutual CEO Debasish Mallick. </a>* India to allow mutual funds to deposit gold with banks * India Raises Import Duty on Gold, Platinum, Mayaram Says NSN MGZ3U76S9728 <GO>

To contact the reporter on this story: Santanu Chakraborty in Mumbai at schakrabor11@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.