HoT Indian Girls

The most-traded February contract was trading 0.09 percent higher at 16,980 at 4:59 p.m., off its intra-day high of 17,116 rupees.

The contract ended with more than 12 percent gains in November, with highest number of record highs in a single month.

Though gold collections under ETFs are growing, they remain miniscule against India's imports of about 700 tonnes annually.

Gold ETFs -- instruments that can be traded like shares and are backed by physical gold holdings -- are more than two years old and the segment may get crowded with some other funds planning to enter.

Religare Mutual Fund and Tata