Indian gold ETF sees first conversion of shares into gold

"Last week, we also made a first physical delivery of gold against the ETF. Ashok Dhamnaskar, an investor from Mumbai, has become the first investor to convert gold ETF units to physical gold on Thursday, April 12, 2012.” Nitin Rakesh, CEO of Motilal Oswal Asset Management told Business Standard on April 18.

Indian Gold ETF that swaps shares for gold boosted by festival

The amount of gold sold during yesterday's gold buying festival in India was a disappointment according to Reuters: Prices, inflation dent gold demand on Akshaya Tritiya

That was in the traditional physical markets. But sales in the physical gold ETF market soared as trading costs were waived. The biggest percentage rise (although from a lower base than its larger peers) was seen by the only ETF that gives its investors the option to convert ETF shares into gold.

Capital Economics: India's gold lending = gold standard?

All eyes are on the Indian government's attempts to reduce gold imports and tackle a growing trade deficit but with 18,000 tonnes of gold already within it's borders could there be unexpected consequences?

New gold ETF gives retail investors access to real gold

A new physical gold ETF launched last week allows retail investors to turn their gold shares into 10g gold bars for 750 rupees (£9/$14) fee. It's only available in India but would an ETF like this work in the UK?