(Mike Maharrey, Money Metals News Service) Indians have a longstanding love affair with gold. Historically, they have preferred to hold physical metal. However, over the last two years, investment in Indian gold ETFs has exploded. Could surging investments into paper gold cut into physical demand?
Analysts at Metals Focus don’t think so, arguing that there won’t likely be a material decline in bar and coin demand because “a substantial base of investors continues to prefer physical gold, including those who value holding physical metal and purchases funded through unaccounted income.”
Read Full Article: https://headlineusa.com/could-the-rising-popularity-of-etfs-dent-indian-physical-gold-demand/
