The Phaserl


Small shine returns to gold ETFs in India

by Shivom Seth,

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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