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Invest in Gold without buying physical- Gold ETF

 Stock broking companies enable you to buy gold ETFs in multiples of about value of cost of 1gm gold.  Since transactions are similar to stocks, Stock broking companies deal in Gold ETFs. Good stock brokers with good ethical reputation are sharekhan.com or indiainfoline.com read more: 

 http://www.bseindia.com/markets/etf/whyandhow.aspx
http://en.wikipedia.org/wiki/Gold_exchange-traded_product

Some leaading Gold ETFs:
Gold ETF by HDFC: https://www.google.com/finance?q=NSE%3AHDFCMFGETF
Gold ETF by Axis bank: https://www.google.com/finance?q=NSE%3AAXISGOLD
Investing in companies which do not have good reputation in not advisable as often our investment may land up blocked. For example E-Gold investments at NSEL (National Spot exchange) landed in a scam and blocked investors; money tilll now http://www.business-standard.com/article/markets/cornered-on-all-fronts-shah-wages-a-lonely-battle-113091600916_1.html

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