Letters: Curbing gold imports

Apropos “Financial products likely to discourage gold demand” (July 13), the only way to curb gold imports is to increase the import duty on gold to an extent that will make purchase of gold prohibitive. This will create the right climate for the marketing of financial instruments. The financial products being considered should be inflation-indexed and not tailor-made to match returns from gold investments.

V Sridhar, Kolkata

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