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Gold ETFs in India touch 40 tonne (40,000 kilo)

Posted on 08 February 2013

India’s high gold imports are hurting the country’s current account deficit. The government’s import restrictions are hurting the populace. The only organisation not worried, as of now, are gold backed exchange traded funds.
Worried investors are veering towards the country’s 14 gold exchange traded funds (ETFs), which together have garnered 40,000 kilo of the precious metal. The ETFs allow investors to trade in the metal in a non physical form and electronically on stock exchanges. Gold ETFs debuted in India about six years ago………………………………………..Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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