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Gold ETFs gaining traction in India

Posted on 21 October 2011

As Indians are looking for safer investments and means to protect their portfolio against inflation, the world’s largest gold consumers are increasingly becoming investors.
Consumer demand in India jumped 29% in the twelve months to Q2 2011 to 1,099 tonnes, of which bar and coin investments were 403 tonnes which rose 50% year-over-year, compared to jewellry demand which rose 19%, according to World Gold Council (WGC)……………………………………….Full Article: Source


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