There is also a demand for fiscal concession to the FIIs. It has to be kept in view that based on our experience and lessons learnt from the global financial crisis, we have adopted a cautious approach.
Our total domestic household savings amount to as high as 12 trillion RMB, readily conditioned for investment in gold or rather turning the asset of the  BIS Review 71/2004  1  ordinary people from currency into gold. From the macro-economic perspective, it creates an additional channel to convert savings into investment balancing the demand and supply.