MUMBAI (Commodity Online): India’s gold reserves through the exchange traded funds surged by 23.6% to 6.197 tonnes in July, according to ETF data.
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.
