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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs more

India gold ETF demand likely to explode: World Gold Council

Posted on 17 October 2011

Demand for gold exchange traded funds (ETF) in India is likely to “explode” as investors get accustomed to “click-and-park” mode of investing, shying away from sagging stock markets and as high inflation eats into bank savings, a trade body head told Reuters on Thursday.
“Clearly people are seeing convenience in the form of ETF, going through the same broker which he has for equities,” said Ajay Mitra, managing director - India and the Middle East, World Gold Council (WGC………………………………………Full Article: Source


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