| Investors in India have ratcheted up their purchases in exchange traded funds that aim to track the price of gold. For the month of February, gold ETF assets under management in India soared to 97.95 billion Rupees (US$1.96 billion) up 161% from a year ago.
Data from the Association of Mutual Funds in India showed that total assets of gold ETFs jumped to the 97.95 billion Rupee figure as of February 29 from 37.44 billion Rupees a year ago. ..............................................Full Article: Source |