Branch2 Intelligence
Inside GIFT City’s first physical gold fund: How investors can redeem actual gold bars
Key takeaway
GIFT City launches India's first physical gold fund for non-resident investors, redeemable in actual gold bars.
- Step 11st-order: GIFT City launches physical gold fund for NRIs, creating a new regulated channel for gold investment.
- Step 22nd-order: Custodian banks and logistics providers (HDFC Bank, India Post, MMTC-PAMP) gain fee income and handling volumes.
- Step 33rd-order: Competing gold ETFs (SBI Gold ETF) face substitution risk as NRIs prefer physical redemption; gold import volumes may shift from Dubai to India.
Source: IN:The Hindu BusinessLine
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