Gold News

Does Gold Investment have a bigger role in India?

The World Gold Council (WGC) has suggested that Gold Investment can be used as a form of tax saving in India.

Speaking on behalf of the organisation, Ajay Mitra, its managing director for the Indian sub continent, said that it was time for the country's government to start thinking about new ways of using Gold Investment.

Mitra said: "There are a number of ways of accessing the investment benefits of gold and it is time that the Indian government started considering it for the provision of income tax benefits."

It was added that gold could play a "more significant role in the sustainable growth of the Indian economy".

Meanwhile, in Tanzania, experts are anticipating a greater interest in Buying Gold in 2010, following a fall in demand last year.

One of the country's senior officials said that they anticipated gold leading the country's mining sector revival as a result of an increase in demand for the precious metal, according to The Citizen, a Tanzanian news site.

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