🎯 India steps in: gold ETF purchases capped

📰 Six asset managers, including Tata, ICICI, and HDFC, jointly announced on Thursday that they would restrict subscriptions to gold ETFs and related FOFs; with the rupee weakening, household demand for gold has become too intense

💬 Precious metals are so hot that purchase limits are needed to cool things down, yet gold at $4,154 is still climbing. With money shut out, the spillover will have to go to stocks or crypto—keep an eye on where it flows

🏷️ #黄金ETF #印度 #贵金属 #避险 #Regulation