Page 5 - Gold Etfs

Union Mutual Fund launches two new schemes for structured gold investments

Benchmark for both schemes is domestic price of physical gold; NFO open till February 24

Gold strategy on February 5: Support at Rs 82,450; Resistance at Rs 85,000

Gold rally is being driven more by subdued yields and US Dollar Index rather than safe haven demand

Gold strategy on Jan 29: Support at Rs 79,400; Resistance at Rs 81,400

On January 28, spot gold traded between $2730 and $2760 as, once again, it took support at the crucial level of $2730 to extend its recovery following the selloff on January 27

Gold may remain choppy, volatile in short-term: Praveen Singh, Sharekhan

Gold is looking somewhat overstretched at the current level as the US economy continues to do well amid sticky inflation and strong job market

Gold ETFs witness record Rs 1,961 cr inflow in Oct, 59% surge on MoM basis

Gold exchange-traded funds (ETFs) witnessed a record inflow of Rs 1,961 crore in October, marking a surge of 59 per cent on a month-on-month (MoM) basis, driven by expectation of increase in the yellow metal prices during the festive and marriage season. This was over two-fold higher than Rs 841 crore inflow seen in October 2023, data with the Association of Mutual Funds in India (Amfi) showed. The inflow helped in raising the assets under management (AUM) of gold funds by 12 per cent to Rs 44,545 crore by the end of October from Rs 39,823 crore in the preceding month. "With the US Fed cutting interest rates by 75 bps (basis points) this year and dollar appreciating, how this is going to impact gold prices globally and investments therein need to be observed," Himanshu Srivastava, Associate Director - Manager Research at Morningstar Investment Research India, said. As per the data, the Gold ETF category witnessed a net inflow of Rs 1,961 crore in October, which was sharply higher t

Gold rate today: Analyst advises 'Sell on rally' for Gold post Fed rate cut

Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan

Global gold ETF demand turns positive for first time this year, says WGC

The WGC, an industry body grouping global gold miners, said North American gold demand was boosted by uncertainty around the US presidential election

Gold ETFs inflow up amid rising prices ahead of Dhanteras: ICRA Analytics

Inflows in Gold Exchange Traded Funds (ETFs) witnessed a surge in the current calendar year, amid gains in yellow metal prices ahead of Dhanteras. Inflows into these funds have increased by nearly 88 per cent since the beginning of 2024, totalling Rs 1,232.99 crore in September, ICRA Analytics said in a statement. Gold prices advanced Rs 450 to hit another record of Rs 79,350 per 10 gram in the national capital on Thursday on the back of continued buying by jewellers and stockists, according to the All India Sarafa Association. Investors are drawn to gold ETFs due to their liquidity, transparency and global price alignment, which remains firm due to geopolitical headwinds. Concerns about physical gold storage, purity and theft have also contributed to the growing interest in such funds, ICRA said. According to ICRA Analytics Senior Vice President and Head Market Data, Ashwini Kumar, the US Federal Reserve's potential interest rate cut in the coming months is further boosting the .

Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024

UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)

Gold strategy: Yellow metal may extend its rally; Support at Rs 75,500

Gold hit a fresh record high of $2664 and closed with a hefty gain of 1.09 per cent at $2657.

Gold ETFs ride the updraft: Tax shifts flip the switch on record inflows

LTCG tax perks and bond drought create perfect storm

Desire liquidity in gold holdings? Gold ETFs are the answer to it

The July Budget introduced a customs duty cut, reducing gold prices in India by about 9 per cent

Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC

WGC defines gold ETFs as regulated securities that hold gold in physical form. These include open-ended funds traded on regulated exchanges and other regulated products like closed-end funds and MFs

Gold prices fall despite softer US yields, buy the dips; target prices here

Spot gold at the time of the MCX closing was trading at $2329, down 0.89per cent on the day, whereas the MCX August contract was changing hands at Rs 72,005, down 0.27per cent

Biggest global gold ETFs by AUM see $3.9 bn outflow in 5 months. Check why

On the other hand, gold prices have seen a rise in the last few months amid steady demand, especially from the global central banks

Gold ETFs see first outflow post March 2023 at Rs 396 cr on profit booking

Gold Exchange Traded Fund (ETF) witness a net outflow of Rs 396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5 per cent to Rs 32,789 crore at April-end from Rs 31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi). As per the data, Gold ETFs saw a net withdrawal of Rs 396 crore in April as compared to an inflow of Rs 373 crore in the preceding month. The last time this asset class witnessed net outflow was in March 2023, withdrawing Rs 266 crore. "In INR terms, gold has done fairly well over the last year but dwarfs in comparison to how equities have fared. Given this backdrop, flows in the Gold ETF category have been somewhat patchy relative to the equity asset class. That said, investors could have opted to book some profits in this segment which has resulted in the asset class witnessing net outflows ...

Why are gold prices rising? Chris Wood of Jefferies explains

China's official gold reserves, Wood said, have increased by 314 tonnes, or 16.1 per cent, from 1,948 tonnes at the end of October 2022 to 2,262 tonnes at the end of March 2024

Gold price climbs Rs 10 to reach Rs 71,740, silver slips to Rs 84,400

The price of 22-carat gold rose Rs 10 with the yellow metal selling at Rs 65,760

Gold price slips Rs 10 to Rs 66,260, silver drops Rs 100 to Rs 75,500

The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 75,500

DSP Mutual Fund launches Gold ETF: All you need to know

The NFO opens for subscription on November 3, 2023, and closes on November 10 2023.