Indian gold ETF investment doubled last year- and set to surge this-continued

As investors in India look to bolster their investment portfolio and look for options outside the stock market, demand for ETFs that invest in gold doubled in 2011 and is forecast to rise further in 2012.
February 27, 2012--Banks dealing in bullion and importing houses in India might have put the brakes on importing gold in the country, but Indian investors just cannot keep away from gold.
If not in the physical form in terms of jewellery, gold biscuits or gold coins, small investors, corporate houses in India and small and medium enterprises (SMEs) have decided to go the a stage further and invest in paper gold.

The country's purchase of gold electronic traded funds (ETFs) doubled in 2011 as corporates and SMEs invested heavily in what has been termed by retailers a traditional favourite of wealthy individuals and higher middle class households in India.

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Source: Mineweb

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