MCX Silver opened with a slight gap up and is trading within the ₹280,000-₹282,000 zone, sustaining well above the ascending trendline as bullish momentum builds
India's gold investment demand jumped 54 per cent to 82 tonnes between January and March, overtaking jewellery for the first time since 2000, while jewellery's share fell to a record low 44 per cent
The scheme will invest 10-80 per cent of the corpus into equity and hybrid schemes, 10-60 per cent into debt funds, and 10-30 per cent into commodity ETFs
Global fund outflows from India match those seen across entire EM basket
Broader market sentiment was also fragile on Monday as the war in West Asia entered its fourth week with no clear resolution in sight
On Thursday, Brent crude futures climbed $3.69, or 3.44 per cent, to $111.07 per barrel. The US West Texas Intermediate crude rose $2.29, or 2.38 per cent, to $98.61 per barrel
So far this year, MCX spot silver has rallied 6.5 per cent and gold has gained nearly 16.4 per cent, according to data compiled by Bloomberg
At 9:23 AM, DSP Silver ETF climbed 0.32 per cent, UTI Silver ETF gained 0.27 per cent, and Groww Silver ETF rose 0.16 per cent
In February so far, MCX spot silver has fallen 25 per cent and gold has fallen nearly 6 per cent, according to data compiled by Bloomberg
SIP inflows into ETFs and FoFs have surged nearly fourfold in a year, driven by soaring investor appetite for gold and silver mutual fund schemes
The SBI Nifty Midcap150 Momentum 50 ETF is benchmarked against the Nifty Midcap 150 Momentum 50 Index
The January inflow in Gold ETFs exceeded the net investment in equity schemes last month, which stood at ₹24,028.59 crore
Tata Gold ETF led the gains, climbing nearly 5 per cent to an intraday high of ₹15.8. Union Gold ETF rose 3 per cent, while Baroda BNP Paribas Gold ETF, Axis Gold ETF, DSP Gold ETF, Zerodha Gold ETF,
The January inflow in Gold ETFs exceeded - albeit by a whisker - the net investment in 'growth/equity-oriented' schemes in January, which stood at Rs 24,028.59 crore, AMFI data showed
Angel One Silver ETF will allow investment through NSE on an ongoing basis, while the FoF will allow participation even without a demat account.
In the two days after that, silver and gold recovered 11 per cent and 6.5 per cent, with the prices once again seeing pressure in trade today
MCX gold April 2 futures rose 3.49 per cent to ₹1,49,017 per 10 grams, while MCX silver March contracts jumped 6.92 per cent to ₹2,52,603 per kg on Tuesday
In the global market, spot gold and silver prices were lower by 6 per cent and 11.8 per cent, respectively. From their record highs, gold and silver are down 13.5 per cent and 32 per cent
In January so far, MCX spot silver has rallied 28 per cent and gold has gained nearly 13.6 per cent, according to data compiled by Bloomberg
Nearly 5 million REs of Adani Enterprises changed hands between Rs 373 and Rs 600 as its Rs 24,930-crore rights issue opened, with ETFs selling REs due to restrictions on holding partly paid shares