Gold ETFs drew largest monthly flows in five months amid risk-aversion
Those invested in YES Bank's Rs 15,000-crore follow-on public offering (FPO) had something to cheer last week
Gold ETFs and similar products recorded their eighth consecutive month of positive flows, adding 166 tonnes in July -- equivalent to $9.7 bn or 4% of AUMs, the World Gold Council said
Ideally you should sell it to the jeweller you bought the gold from, or a reputable retailer to get a better rate
US-China friction has weakened the dollar index, while disappointing US Jobless claims data has also pushed gold prices higher
In New Delhi, the price of 22-carat gold rose to Rs 47,510 per 10 gram
Gold exchange-traded funds saw hefty net inflows of over Rs 3,500 crore in the first six months of this year as investors continued to hedge their exposure to riskier assets amid the Covid-19 crisis
Currently, transaction in paper gold is available in the form of exchange-traded fund
Even as physical demand is absent, investments in paper gold are pushing the price of the yellow metal to record highs
Despite the government's efforts to stem the economic fallout of the pandemic, the fall in income levels triggered a fall in consumption/spending
Gold ETFs, sovereign bonds drive yellow metal to new high of Rs 48,380 despite little demand
The category has been one of the better performing asset classes since last year
In a circular, the Securities and Exchange Board of India (Sebi) said that disposal time is now 180 days for physical gold and silver assets
Global holdings of physically-backed gold ETFs and similar products jumped by 298 tonnes during the March quarter - the highest quarterly inflows for four years
Private sector lender IndusInd Bank has caught the fancy of overseas investors
As per Amfi data, investors put in a net sum of Rs 1,613 crore in 14 gold-linked ETFs in the just concluded financial year, while they had pulled out Rs 412 crore in 2018-19.
The sharp rise, according to the WGC, was triggered by a flight to safety amid the coronavirus (Covid-19) pandemic that hit world economy hard, and plunged most global equity markets into a bear phase
Category sees highest flows since 2008, experts say investors are chasing gold-linked products due to robust trailing returns and safe-haven appeal
Hopes of further gains in the price of the previous metal could sustain inflows into gold ETFs
The board decided to bring amendments to the SEBI (Mutual Funds) Regulations, 1996, in this regard