| The year 2015 was a washout year for commodities, but precious metals weathered it with less damage. Gold prices dropped by about 9 per cent in the international market. In the domestic market, investors who bet on gold suffered a loss of 7 per cent.
This being the third straight year of losses on gold investments, many investors cashed out. The total holding of all gold-backed exchange traded funds in India dropped to 25 tonnes — a three-year low. Goldman Sachs gold ETF, the largest gold-backed exchange traded fund in India, holds about 678 kg of gold, a decline of about 12 per cent from last year...............................................Full Article: Source
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