Sebi expands bullion vaulting rules to ETFs and derivatives
India's market regulator has extended its vault manager framework beyond electronic gold receipts to ETFs and derivatives, and raised the net-worth threshold to Rs 75 crore.
Gold Market
India's market regulator has extended its vault manager framework beyond electronic gold receipts to ETFs and derivatives, and raised the net-worth threshold to Rs 75 crore.
Investments into physically backed gold ETFs remained positive for the ninth week running, led by US inflows of $2.21 billion. Total inflows reached $4.24 billion.
Gold investment demand is rebounding sharply after this year's serious drawdown, with capital inflows into ETFs signalling renewed investor appetite.
Gold and silver ETFs fell up to 4% on August 31 after hawkish Federal Reserve remarks pushed bond yields higher and strengthened rate-hike expectations, while US-Iran tensions fuelled inflation concerns.