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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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55 minutes

Last on

Mon 20 May 2013 00:06GMT

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Broadcasts

  • Tue 14 May 2013 14:06GMT
  • Mon 20 May 2013 00:06GMT

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