Hey there! I’ve been keeping an eye on the gold market lately, and something exciting caught my attention. In June, Gold Exchange-Traded Funds (ETFs) in India saw their biggest cash inflow in five months—pretty impressive, right? Even with gold prices being super high, people are jumping back into these funds. Let’s break it down in simple terms.
mutual funds
Israel-Iran War: Should you Invest in Gold Funds to Hedge Your Portfolio?
Israel-Iran war: Despite short-term blips, gold price has been on the rise since October 2022. The yellow metal has delivered a staggering return of 33 percent over the last one year in rupee terms, far outperforming the Nifty 50. The broader equity market index could gain only 27 percent.
USD/INR – We Expect Indian Rupee to Slip to a Record Low of 80 by Q3
USD/INR : We expect Indian Rupee (INR) to slip to a record low of 80 by Q3. “The rising number of COVID-19 cases in India could lead to another extension in the lockdown beyond 3 May, which will pose downside risks to our GDP growth forecast of 1.6% for FY21.”
Silver Prices Also Advanced Today
Silver Prices Also Advanced Today – One positive case of coronavirus has been detected in New Delhi, and one has been detected in Telangana, the Indian government said in a statement. “Both the patients are stable and being closely monitored,” it added.
Gold Price Today: सोने के दाम में 516 रुपये की जबरदस्त गिरावट
Gold Price Today – दिल्ली में सोने के दाम में 516 रुपये की जबरदस्त भाव कमी देखने को मिली। भारतीय मुद्रा ‘रुपया’ के मजबूत होने से सोने की कीमतों में कमी देखने को मिली है। HDFC Securities के मुताबिक सोना सोमवार को 45,033 रुपये प्रति दस ग्राम के स्तर पर बंद हुआ था।
What stocks India’s top three mutual funds bought and sold last month
Inflows into Indian equity funds shrunk to the lowest in more than three years last month as some investors exited after the nation’s $2.1 trillion market powered to a record despite a faltering economy.
Gold ETFs Can Now Also Invest in Derivatives – Gold Silver Reports
Gold Silver Reports (GSR) – The Securities and Exchange Board of India (Sebi), through a circular issued on 21 May, laid down the rules of investing for mutual funds with regard to exchange-traded commodity derivatives (ETCD). The rules apply to gold exchange-traded funds (ETFs) as well.