Thursday, 26 April 2012

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.