| Gold prices have been weak for many weeks now. But if you are an Indian investor, there are still a couple of money-making opportunities in bullion. One, gold ETFs in India are now trading at a discount to their NAVs, on the stock exchanges. Market prices have dropped as there is not much demand for paper gold from investors.
Gold BeES (Goldman Sach’s gold ETF), the largest gold fund in India, trades at a price of Rs2,448/unit. This is at a discount of 2 per cent to the NAV of Rs2,492.63. Similarly, UTI’s Gold ETF trades at a 2.8 per cent discount to NAV. Gold prices in India swung into discount to global prices in May following a drop in demand, and are still at a $3-4/ounce discount...............................................Full Article: Source
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