| Fresh sales of gold ETFs remain muted, thanks to continuous weakness in gold prices for over two years, coupled with a negative outlook amid a strong stock market. Indian retail investors continue to sell their gold exchange-traded funds (ETFs). Although gold ETFs used to be one of the fast-growing asset classes, attracting a rising number of investors, they are now falling out of favour.
Fresh sales of gold ETFs remain muted, thanks to continuous weakness in gold prices for over two years, coupled with a negative outlook amid a strong stock market. In the first quarter of the current financial year, gold ETFs' gross sales reduced to a mere Rs 23 crore; in the first six months of 2015, it stood at just Rs 26 crore...............................................Full Article: Source
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