India’s gold reserves continue to rise, ETF buying surges
As per latest data by the Reserve Bank of India (RBI), gold reserves increase by $726 million to $63.613 billion, compared to $62.887 billion last week.
The Bharat 22 exchange traded fund (ETF), comprising of 22 companies, or investments from central public sector undertakings, public sector banks and some other strategic holdings, will be launched, Finance Minister Arun Jaitley said on Friday.
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