Gold Investment Opportunities Abound for India’s Rich

MUMBAI – Gold’s strong rise has seen a mushrooming of investment opportunities being offered by India’s metal dealers and high net worth individuals are taking full advantage of the new services.

In an effort to grow their presence within high net worth circles, investment bankers have been providing varied wares to this class, even offering bullion at a discount that then enables investors to on-lend the gold to jewellers.

At the last count and as of April 2011, there are at least 115 Indian billionaires worth a combined $195 billion and more than 275 individuals worth more than $500 million.

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