GOLD ETF
Gold Price Today: Yellow metal prices fall by Rs 1,000/10 gm in November so far, silver down by Rs 2,500/kg
Gold Rate Today: Gold and silver prices saw a slight dip in Friday's early trading on MCX. This follows a month of decline for both metals, despite a recent recovery spurred by interest rate cuts from the US Fed and Bank of England. Analysts predict continued volatility, influenced by upcoming US economic data.
Gold Price Today: Yellow metal prices fall by Rs 2,100/10 gm in 2 days, silver down by Rs 4,050/kg
Today Gold Rate: Gold and silver prices dipped to a near one-month low following Donald Trump's victory in the US presidential election. The dollar index and US bond yields surged, pushing precious metal prices lower. Market analysts predict continued volatility in gold and silver prices, influenced by the upcoming US Fed policy meetings and geopolitical factors.
HDFC Mutual Fund announces change in name of 5 schemes
HDFC Mutual Fund will change the names of five schemes effective November 18, including HDFC Children's Gift Fund to HDFC Children's Fund, and HDFC Gold Fund to HDFC Gold ETF Fund of Fund. The changes affect four equity passive funds and one solution-oriented fund. No other terms or conditions will change
Gold Price Today: Yellow metal prices fall by Rs 1,000/10 gm in a week, silver down by Rs 4,600/kg
Gold and silver prices dipped slightly in early Tuesday trading as investors took a cautious stance ahead of the U.S. Presidential election. Despite a weakening dollar and mixed global equities, analysts predict continued volatility in precious metals throughout the week due to major market events.
Gold Price Today: Gold prices retrace by Rs 1,300/10 gm from all-time high level, silver at Rs 94,676/kg
Gold December futures fell 0.55% to ₹78,434, while silver dropped 0.85% to ₹94,676/kg amid profit booking and mixed U.S. economic data, with volatility expected this week.
How you can pave path to prosperity with Gold ETFs
Gold has historically served as a hedge against inflation and economic distress, offering returns and mitigating risks when included in portfolios. While physical gold has drawbacks like storage risks and purity concerns, Sovereign Gold Bonds and Gold ETFs present viable alternatives with added benefits, including liquidity and lower costs.
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Gold & silver ETFs shine on Dhanteras as volume spikes 5x
The combined turnover of gold and silver ETFs stood at ₹428 crore on October 29 as against ₹89 crore on the eve of Dhanteras last year. While gold ETF volumes surged from ₹65 crore to ₹236 crore, silver volumes jumped from ₹23.6 crore to ₹191.6 crore. ETFs are bought and sold like listed stocks.
India's gold demand to hit four-year low amid price rally, World Gold Council says
In 2024, India's gold demand may drop to its lowest in four years, according to the World Gold Council. This is attributed to record high prices impacting purchases during peak festival seasons. Current domestic gold prices have surged 26% in 2024, leading to cautious buying despite favorable demand for weddings and festivals. Moreover, significant advances in purchases followed the government's import duty reduction.
Gold Price Today: Yellow metal prices hit new lifetime high, open at Rs 79,535/10 gm, silver at Rs 98,431/kg
Gold December futures reached a record Rs 79,535/10 grams, while silver opened flat at Rs 98,431/kg. Analysts suggest buying strategies for both metals amid market fluctuations and upcoming reports.
Gold taxation: Income tax laws for capital gains on gold have changed, know the new rules
New gold taxation rules: Capital gains tax rules on gold have changed from July 23, 2024. However, the new rules are applicable to physical gold and gold jewellery and not to gold mutual funds and gold ETFs. Know the new income tax rules for taxation of gold before buying or investing this Diwali.
The gold standard of investing: Choosing between ETFs, SGBs, and physical gold this Dhanteras
Today, as gold prices in India reach record highs of ₹80,070 per 10 grams, many investors are evaluating the most effective ways to invest in this precious metal. Global geopolitical tensions and economic shifts are pushing up prices, offering Indian investors options among physical gold, Gold Exchange Traded Funds (ETFs), and Sovereign Gold Bonds (SGBs), each with distinct benefits and considerations.
Gold funds or ETFs? Which one to choose this Dhanteras?
Investing in physical gold or Gold ETFs this Dhanteras? Experts highlight that Gold ETFs offer greater liquidity, lower costs, and better security compared to physical gold. With minimal expense ratios and high returns, Gold ETFs are recommended for balanced portfolio diversification and as a hedge against inflation.
30% price surge in gold since last Dhanteras. Here’s your 6-point shopping guide
Gold sees a 30% price surge since last Dhanteras. Experts suggest continued investment, forecasting potential returns of 10-12% by the next Dhanteras amid geopolitical and economic uncertainties. Options include physical gold, ETFs, digital gold, and futures, though SGBs face liquidity challenges.
Gold holds steady as investors focus on US economic data
Gold prices remained stable as investors await U.S. economic data for insights on the Federal Reserve's interest rate decision. The Fed will announce its decision after a two-day meeting starting Nov. 6. Lower rates reduce the opportunity cost of holding gold, making it a safe asset during economic and political uncertainty.
Era of sovereign gold bonds (SGBs) likely to be over soon: Two alternative gold investment options for you
There hasn’t been an official announcement for the 2024-25 series of SGBs so far. Over the past two years, only four tranches have been released. Further issuances are likely to be few and far between, if not abandoned altogether. So what is a suitable alternative for investors looking to bet on gold now?
Gold Price Today: Yellow metal prices surge by Rs 2,600/10 gm in October so far, silver up by Rs 5,500/kg
Gold December futures opened at Rs 78,230, down 0.38%; silver at Rs 96,247, down nearly 1%. Analysts suggest selling strategies amid mixed market signals and geopolitical tensions.
Sebi’s new framework on gold: Here are 5 things to know
Investments in gold can take various forms, including physical gold, Sovereign Gold Bonds, Gold ETFs, and the newly introduced Electronic Gold Receipts (EGRs). India’s annual gold demand is around 900–1,000 tonnes, but it lacks a liquid spot market for price discovery. SEBI’s new framework aims to enhance price discovery through the proposed gold exchange, benefiting investors.
NFO Alert: Zerodha Mutual Fund launches Gold ETF FoF
Zerodha Mutual Fund has announced the launch of the Zerodha Gold ETF FoF, an open-ended fund of funds scheme that invests in units of Gold ETFs. The new fund offer (NFO) will open for subscription on October 25 and close on November 8. The scheme aims for capital appreciation by investing in Gold ETFs and will be benchmarked against the domestic price of physical gold.
Diwali Investment Ideas: Gold vs Silver – Which is the best bet for 2024?
We sat down with Naveen Mathur, Director of Commodities and Currencies at Anand Rathi Share and Stock Brokers, to get a clearer picture of where gold and silver are headed and how you can make the most of your money this Diwali.
Gold ETFs get Rs 7,367 crore inflow in 2024 with no new gold bond issue in last 9 months
In 2024, Gold ETFs have seen a significant surge in inflows, reaching Rs 7,367 crore compared to Rs 2,919 crore in 2023, driven by limited issuance of new Sovereign Gold Bonds and geopolitical tensions. Experts recommend a cautious approach, allocating 8-10% of the portfolio to gold investments.
Silver ETFs offer good investment opportunity amidst market volatility
Manappuram Finance shares fell to the 15% lower circuit limit following RBI restrictions and several rating downgrades, reflecting investor concerns about the company's financial outlook and regulatory challenges.
Equity MF inflows dip, SIPs hit new high
Among debt funds, liquid and overnight funds saw outflows to the tune of ₹1.14 lakh crore. The industry's total assets under management (AUM), however, rose to ₹68 lakh crore in September compared to ₹66 lakh crore in August.
Zerodha Mutual Fund files draft document with Sebi for another passive fund
Zerodha Mutual Fund has submitted a draft document to SEBI for a new passive fund, the Zerodha Gold ETF FoF. This open-ended fund of fund scheme aims to achieve capital appreciation by investing in units of gold ETFs. It will offer both regular and growth plans, with the growth option only. The scheme will have no exit load and will be benchmarked against the domestic price of physical gold.
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