Why is India’s interest in gold ETFs falling?

gold ETFs falling

Gold Silver Reports – With equity markets rising (the S&P BSE Sensex has returned 15% in the last 2 years and 26% so far this year), it’s no wonder that other assets—especially gold—have taken a back seat. According to the Association of Mutual Funds of India (Amfi), equity funds have seen net inflows (more money came in than went out) of Rs1.78 trillion so far in 2017.

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Gold Prices Bounce on Positive Global Cues

Gold Silver Reports – Gold prices surged by Rs175 to Rs29,700 per 10 grams at the bullion market on Tuesday, driven by a firm trend overseas amid fresh buying by local jewellers. Silver prices also went up by Rs150 to Rs38,250 per kg due to increased offtake by industrial units and coin makers.

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Natural Gas MCX Day Trading Zone Between 165—188

Gold Silver Reports – Technically MCX Natural Gas market is getting support key level at 169 and below same could see a test of 165 level, And resistance key is now likely to be seen at 183, a move above could see prices testing 188 level.

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