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Bullion holdings of SPDR Gold Trust slip
Published on: October 06, 2008 at 15:00
The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said its bullion holdings slipped on Oct 3 by 15.31 tonnes or 2 percent to 739.95 tonnes.

The trust, which issues securities backed by physical stocks of gold, said on its Web site that its holdings reached a record above 755 tonnes last week as risk aversion fuelled interest in bullion.
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In India, gold is considered as one of the prestigious instruments of investment among the household consumers. Small household units are now becoming potential investors for gold from the key consumers. The demand for consumption purpose is no longer the main driver of demand for the yellow metal, but the systematic investments in retail gold investment options is the latest crush among the small investors in the country.
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