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Gold ETF sales fall in India as investors follow George Soros in pulling out money

Posted on 20 March 2013

Indian gold funds are shrinking for the first time since June as investors in the biggest bullion-consuming nation follow billionaire George Soros in pulling money from products backed by the precious metal. Exchange-traded funds in gold saw outflows of Rs8 crore ($1.5 million), data from the Association of Mutual Funds in India show.
Investments in sovereign-debt funds rose by Rs446 crore, the sixth straight month of inflows. Gold prices in India have slid 4% this year, while rupee bonds returned 2.7%, the second-highest gains in Asia………………………………………..Full Article: Source


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