Gold ETFs popularity on the rise in India

"...Gold has always had an attraction as a safe haven investment. In the next few years with Indians' attraction to gold, the large investment funds, the pension funds and so forth will start to look at gold as a realistic alternative, Walker said. Walker expects that there will be steady growth in this product as fund managers become more comfortable with the idea of ETFs, how it works, what the downside risks are, what the upside risks are of holding gold in their portfolio and it will be a gradual process of education..."

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Courtesy - business-standard.com