Reliance Capital is suspending sale of gold in physical form, including supply of gold coins through India Post and its asset management arm will also suspend new subscriptions in Reliance Gold Savings Fund.

Anil Ambani Group company Reliance Capital is suspending sale of gold in physical form and as an investment product across all businesses, in what it says is a support to government's objective of curbing gold imports.

"The company has decided to suspend sale of gold in physical form (including inter alia supply of gold coins for sale through India Post) and also as an investment product, across all its businesses and subsidiaries," the company said on Friday.

Reliance Capital 's commercial finance division will also suspend financing against gold as a security.

Additionally, group company Reliance Capital Asset Management will suspend new subscriptions in Reliance Gold Savings Fund. Existing SIP (systematic investment plan) investors will not be affected by this decision, the company said.

Reliance Capital's CEO Sam Ghosh says the company is committed to all policy objectives of the Government and Reserve Bank of India to minimise gold imports.

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