Gold ETFs in India lure inflows even as buyers shun
jewelry
Gold exchange-traded funds in India are popular again as risks to the global economy escalate even as jewelry sales
languish in the world’s second-biggest consumer of the precious metal.
Indians invested the most in gold ETFs in more than seven years in January, boosting assets managed by the 11
funds selling the securities to 62 billion rupees ($870 million), according to the Association of Mutual Funds in India.
While that’s 31 per cent higher than a year earlier, it’s still about halve the 120-billion-rupee record touched in
January 2013, the industry group’s data showed.