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India gold ETF demand slows

Posted on 12 April 2013

Indian investment demand in paper gold during the last financial year slowed to its lowest level since its launch in 2007, as falling prices and a decline in the precious metal’s safe-haven appeal damped investor appetite.
The assets under gold exchange-traded funds grew only 18% from a year earlier to 116.48 billion rupees ($2.14 billion) in the last financial year that ended March 31, despite a rise in the total number of schemes, data from the Association of Mutual Funds in India showed Thursday……………………………………..Full Article: Source


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