Price crash to impact Gold ETFs...

Gold Exchange Traded Funds (Gold ETFs) will see higher activity this week as the yellow metal plummeted to touch a two-year low. Gold prices crashed five per cent on Saturday alone as panic-stricken investors and speculators went on a selling spree. Prices nosedived from Rs 28,842 for 10 gm to Rs 27,748 in just one session. Currently, 14 Gold ETFs – including Goldman Sachs Gold BEeS and SBI GETs – are managing assets worth Rs 11,648 crore. With the price crashing, some of the AMCs are hopeful of fresh inflow into the schemes, but others feel panic may get into Gold ETFs as well. Either way, eventful week is ahead for Gold ETFs.