Deconstructing the yellow metalís sheen
How do Indians invest in gold?
In the physical form, jewellery accounts for about 60% of the total demand and the rest is in the form of bar and coins, basically for investment purposes. Increasingly, Indians are also investing in gold ETFs with mutual funds because, by investing in the paper form, one can eliminate issues related to purity, insurance, storage and even reselling. The assets under management of mutual funds went up from R743 crore in March 2009 to R11,477 crore in October 2012. One can invest in the yellow metal through the mutual fund route or gold systematic investment plans. It enables the investor to invest in the yellow metal in paper form. One can also invest in e-gold through the National Spot Exchange. With a demat account, one
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