Gold exchange-traded funds (ETFs) in India have seen an increase in investor interest in 2011, Mineweb reports. India’s gold collection under ETFs is estimated to be about 9,754 tonnes as of March 2011, an increase of 94%. The assets under management through these ETFs increased by 58.3% by the end of June 2011. Gold ETFs returned over 6% in the first half of 2011 as compared to 22% gains in 2010. The Federal Reserve’s $600 billion bond buying programme and deteriorating debt crisis in Europe are expected to be the main reasons behind the trend, according to Rohan Chatterji, a research analyst with an Indian brokerage house.

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