Gold exchange-traded funds (ETFs) saw a slight shift in May, with investors pulling out a small amount of money for the first time in five months. After a big surge in April, this slowdown shows investors are cashing in on profits. Let’s break down what happened and why gold ETFs are still worth watching.
outflows
Rupee on a weak pitch; prices inching close to 84.75 against dollar
The Indian rupee was down by 7 paise and touched Rs 84.73 against US dollar in early trade on December 9. The decline can be attributed to the outflow of foreign money and less activity in the Indian equity market.