India’s gold ETF reserves rise by 23.6%
Published on: August 14, 2009 at 16:40
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NSE gold fund went up by 0.41% to Rs 1,487.61 per gram in today’s trade. Gold ETF can be traded as shares through exchanges with support of physical holdings.
Though gold collections under ETFs are growing, they remain miniscule against India's imports of about 700 tonnes annually.
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In India, gold is considered as one of the prestigious instruments of investment among the household consumers. Small household units are now becoming potential investors for gold from the key consumers. The demand for consumption purpose is no longer the main driver of demand for the yellow metal, but the systematic investments in retail gold investment options is the latest crush among the small investors in the country. 
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