Mutual funds offer exchange-traded funds (ETFs) that invest primarily in physical gold with each ETF unit typically representing 1gm of gold. The equivalent physical gold is held with the custodian bank and valued periodically, as per the Securties and Exchange Board of India’s (Sebi) guidelines. The performance of a gold ETF is benchmarked against the domestic price. Ideally, the returns from the scheme should match that of the benchmark.
Gold Silver Reports (GSR) – Metal Index Surges To Six-Week High Led By Hindalco, Vedanta — S&P BSE Metal Index surged as much as 4.15 percent to a 6-week high, best performer among 19 sector gauges. Aluminum and nickel led a surge in metals prices amid turmoil unleashed by U.S. sanctions against United Co. Rusal.
Gold Silver Reports (GSR) – MMTC, State Trading Corporation Surge On Merger Talk — Shares of MMTC surged 10 percent and State Trading Corporation advanced 5 percent after Commerce and Industry Minister Suresh Prabhu said that mergers of both state-run trading firms is on cards and the matter is under process, …
Gold Silver Reports (GSR) – 💙💙💙💙💙 MMTC Surges For Second Day On Heavy Volumes — Shares of the Delhi-based state-run trading company rose as much as 12.56 percent to Rs 69.90 on top of yesterday’s 20 percent gain as trading volumes surged.
Gold Silver Reports (GSR) – MMTC Surges After Proposal To Consider Free Share Issue — State-run trading company rose as much as 15.6 percent, the most in over four months, to Rs 59.80 after it announced that its board will meet on March 19 to consider and approve proposal for …
Gold Silver Reports — MMTC to Sell Gold Bars on Amazon — MMTC PAMP that runs a London Bullion Market Association (LBMA) refinery in Haryana, has decided to use emarket places to sell its minted gold coins and bars as it feels that investment demand for gold in India will increase in 2017 compared to 2016. The company has already tied up with e-tailing firm Amazon and more tie-ups are on the cards.
Gold Silver Reports → While global investors have piled into gold as a haven from financial turmoil in 2016, the metal’s best start to the year in more than three decades has tempered the enthusiasm of buyers in India.