Deccan Gold Mines gained today after Reserve Bank of India (RBI) allowed investment upto 24% by NRIs. "Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can now invest up to 24% of the paid up capital of Deccan Gold Mines under the Portfolio Investment Scheme (PIS).

The Reserve Bank said that the foreign shareholding in the company has gone below the revised threshold caution limit. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect.

Shares of the company gained Rs 4.9, or 17.47%, to trade at Rs 32.95. The total volume of shares traded was 319,617 at the BSE (11.50 a.m., Wednesday).