India's Gold Frenzy
Why Indians are buying up gold and the scheme to let the poorest open bank accounts.
As gold prices plummet, there is a buying frenzy in India, where traders are worried of running out of stocks. We visit a jewellers and a bullion dealer to see why gold is still such an important investment and a must-have for weddings. We meet a family who have access to a bank account for the very first time - thanks to India's unique ID scheme and we investigate why tens of thousands of savers have been left penniless after the collapse of a popular savings scheme. This week Your Money is live in Delhi.
(Image: Indian prospective buyers shop for gifts - Credit: AFP/Getty)
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India's Gold Frenzy
Duration: 02:36
Broadcasts
- Tue 14 May 2013 14:06GMTΒι¶ΉΤΌΕΔ World Service Online
- Mon 20 May 2013 00:06GMTΒι¶ΉΤΌΕΔ World Service Online
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