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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Scotiabank may tie up with gems and jewellery trade body for gold deposit plan

Posted on 14 October 2013

The biggest bullion-importing bank in India plans to team up with jewellers for the first time to offer a gold deposit scheme, hoping ease of access and attractive interest rates will tempt people to part with their jewellery and relieve tight supplies.
Bank of Nova Scotia is in talks with trade group the Gems and Jewellery Trade Federation (GJF) and the Reserve Bank of India (RBI) to finalise details, the head of the bank’s Indian bullion operations said………………………………………..Full Article: Source


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