ETFs in Gold Monetisation Scheme

gsr-gold-5248-neal-bhaiGold Silver Reports – The gold exchange traded funds can now invest in India’s Gold Monetisation Scheme(GMS). The Securities and Exchange Board of India (SEBI) has issued a circular giving approval for this.

As per the latest SEBI circular, the cumulative investment by Gold ETF in GDS and GMS will not exceed 20% of total AUM of such schemes.

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Fire Breaks Out in Luxury Dubai Hotel

Fire Breaks Out in Luxury Dubai Hotel
Fire Breaks Out in Luxury Dubai Hotel

Gold Silver Reports – A fire engulfed a luxury hotel in downtown Dubai close to the Burj Khalifa tower where thousands of people gathered for a New Year’s Eve fireworks display.

Authorities evacuated all guests out of the Address Downtown Dubai hotel, Civil Defense official Rashid al-Matroushi told al-Arabiya television late on Thursday. Fifteen people sustained light to moderate injuries, while one person suffered a heart attack, according to the Dubai media office. A fireworks show continued as scheduled at about midnight, meters away from where the hotel fire was still going but appeared to be losing intensity.

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