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Indian mutual funds stop bulk subscriptions to gold ETFs ahead of festive season
Source: Livemint — Markets · 1 hr ago
Summary
Indian mutual funds have halted large new purchases of gold exchange‑traded funds as the festive season approaches. The move comes amid a weakening rupee, higher global oil prices, and increased import duties on gold and silver that have boosted demand for the metal.
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From the original report
INDIA-FUNDS/GOLD (PIX):Indian mutual funds stop bulk subscriptions to gold ETFs ahead of festive season
Excerpt from Livemint — Markets.
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