by Shivom Seth, MineWeb.com
Inflows into gold exchange traded funds (ETF) in the global market were positive for the first time since 2012, in January, although in a modest way, and the glitter appears to have returned to gold funds in India which have gained 7.9% on an average in 2014.
In February, the category’s assets grew 3.7%, to $153 million (Rs 9.3 billion), helped by a consistent rise in gold price. Over the first two months of 2014, gold prices have advanced 5.5%.
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