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Muthoot Investment capital, Manappuram Cash and Muthoot Fincorp jointly slow down as good as 263 tonnes of gold gems, which is higher than the Fentress payday reserves of Belgium, Singapore, Sweden or Australia. What is occur to go to India is straightforward more so as regards Kerala, where two lakh people are employed in the gold industry.
The metal's fungibility makes it visionary collateral for the purpose loans loans. Over the ultimately two years, the gold holdings of Muthoot Pay for, the largest of Kerala's gold accommodation companies, grew from 116 tonnes to 150 tonnes.
It immediately holds more yellow metal in its vaults than the reserves of Singapore (127. There are other two fat players Manappuram Investment capital with 65. The combined holdings of the three are 262.
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