Jakarta, Feb. 4 -- The World Gold Council (WGC) has encouraged the Indonesian government to develop Gold Exchange Traded Funds (ETFs) as a strategic move to expand the national bullion ecosystem.

Head of Asia Pacific (ex-China) and Global Head of Central Banks at WGC Shaokai Fan has said that diversifying gold investment products is the key to stimulating market growth.

"Creating new products, welcoming Gold ETFs, for instance, might be something that could help to open up additional demand," he stated, answering a question from ANTARA in a media interview here on Wednesday.

Fan emphasized that in addition to creating new instruments, the Indonesian government should focus on increasing the awareness of the public and investors on the ...