Birla Starts Gold-Backed Fund in India to Lure Bullion Investors

Precious Metals

Bloomberg reported that a new gold-backed ETF is now available in India.

Bloomberg reported that a new gold-backed ETF is now available in India.

The market news is quoted as saying:

The plan will close on May 9 and the money raised will be invested in gold with 99.5 percent purity sourced from refineries approved by the London Bullion Market Association.

To read the full market news, click here.

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