India, Nov. 20 -- Amid the rising gold prices, some wealthy investors are reportedly "renting out" the gold bars which are kept in their vaults. They are leasing them to jewellers, fabricators, and refiners for interest.
"We've got a whole bunch of phone calls with people saying, I have $2 million of gold bars, I have a million dollars-worth of gold bars. Can you lease it out for me?" founder of SafeGold, Gaurav Mathur, told CNBC.
"What's changed very substantially in the last few months is that a lot of the wealthier customers have now got comfortable with leasing." He added that the leasing volume at his company has substantially increased from $2 million to $40 million this year.
During an interview with the outlet, industry expert ...
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