Indian govt eyes gold stash but faces tight grip
The govt is trying to persuade people to lend their gold to banks through the new Gold Monetisation Scheme
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New Delhi
CARESSING delicate bangles she hasn't taken off since her wedding 11 years ago, Geetanjali Agarwal says she won't hand over her gold to the government, as it wages a campaign to make the nation's hoard of the precious metal more productive.
"For a woman to part with her jewellery, that is very difficult," said the 38-year-old New Delhi housewife, who also buys gold coins at the Indian festival of Diwali as an investment.
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