| Indian investors don't seem to consider gold as a 'safe haven', unlike their foreign counterparts, gold exchange-traded fund data show. Local investors redeemed units worth Rs 131 crore in gold ETFs in January, up from Rs 111 crore in December, market data show.
In comparison, assets under management in SPDR Gold Shares, the world's largest gold ETF, increased by 64 tonnes to 773 tonnes in January from 709 tonnes at the end of last year. The sentiment in Indian gold ETFs can be gauged from net inflows or outflows from these instruments. Every unit an investor purchases is backed by gold — one gram normally. An outflow from the fund reflects an investor's negative sentiment towards the metal...............................................Full Article: Source
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