| Easing gold import restrictions has not in any way lifted investor sentiment for gold exchange traded funds (ETFs). Since the beginning of this calendar year, gold ETFs have seen only outflows and the assets have dipped to their lowest levels since July 2011. The physical gold market too has remained low after the budget left import duties untouched and mandated submitting PAN card details for purchases above Rs 1 lakh.
In January, gold ETFs saw redemptions of Rs 132 crore, of which Rs 131 crore was outflow. In February, the entire transaction of Rs 74 crore was outflow. In the past several months, gold ETFs have been posting net outflows...............................................Full Article: Source
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