12.04.2013 - India gold ETF demand slows
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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