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.

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