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Article: Reliance Money enters gold retailing; ties-up with Swiss firm.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 3, 2007
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Reliance Money enters gold retailing; ties-up with Swiss firm
Jaipur, May 3 (PTI) In order to tap the growing interest in gold investment through coins, Reliance Money, a part of Anil Dhirubhai Ambani Group, has forayed into retailing of its own brand of gold coins, to be made exclusively by Switzerland based Valcambi SA.
Betting on the precious metal's ability to act as a hedge against inflation, Reliance Money, the investment product distribution arm of R-ADAG, believes investment in gold coins is a better option as jewellery involves additional costs.
"Gold makes a good investment as it also acts as a hedge against inflation. People will buy ...