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You can’t wear an ETF: Designers fight for Dhanteras gold

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6h agonow

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Gulf News
“You can’t wear an ETF: Designers fight for Dhanteras gold”

Dubai: Global gold ETFs drew a record $31 billion or Dh114 billion in the third quarter, yet jewellery designers say Indian families in the UAE will still buy physical gold for Dhanteras. There is no doubt that ETF buying is booming, but jewellery designers argue it serves a different buyer. The World Gold Council (WGC) reports that physically backed funds or ETFs took in $10 billion or Dh36.7 billion in September alone. Holdings rose 67 tonnes to a record 4,256 tonnes. Assets under management…

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