gold backed etfs

Gold prices in Delhi hit a record high, reaching Rs 98,170 per 10 grams. This surge followed firm global cues. Silver prices, however, saw a sharp decline. Globally, gold initially peaked but later trimmed gains. Investors are now watching US economic data and the European Central Bank's policy decision amid trade concerns.

Gold prices have surged past $3,200 for the first time, fueled by a weaker US dollar and growing worries about global economic stability amid escalating trade tensions. The rally is supported by geopolitical uncertainty, strong central bank buying, and increased investment in gold-backed ETFs. Analysts predict further gains, potentially reaching $3,400-$3,500 per ounce in the coming months.

India's central bank witnessed a significant surge in its gold reserves' value, driven by a global rally in gold prices amidst geopolitical and economic uncertainties. The RBI's gold holdings nearly tripled in value over the past year, reflecting a broader trend of central banks worldwide accumulating gold to hedge against global risks.

Gold prices have soared to unprecedented levels, reaching Rs 98,100 per 10 grams in the national capital, fueled by escalating trade tensions between the US and China. This surge is further supported by a weakened US dollar and positive outlooks from major banks, citing inflows into gold-backed ETFs and sustained central bank buying.

Macquarie initiated its coverage of Trent with an 'outperform' rating and a target price of Rs 7,000. HSBC has a ‘buy’ call on Adani Ports with a target price of Rs 1,600, emphasizing its logistics services. CLSA rated L&T as 'outperform,' while JPMorgan sees HAL in a strong position with engine deliveries.

With gold prices at an all-time high, should you increase your allocation to gold or is it time to scale back investments in the yellow metal? This is what experts have to say

As the gold is resuming its secular trends, investors of gold ETFs have pocketed over 9% gain in last seven days.

Dhanteras 2023: Investors looking to buy gold digitally this Dhanteras can choose between gold bonds or gold ETFs. The choice depends on financial goals and risk profiles. Gold ETFs offer the flexibility of stock investment and simplicity of gold investments, while Sovereign Gold Bonds (SGBs) provide a safe haven with regular interest payments and potential capital appreciation.

According to data from the Association of Mutual Funds in India, there was a net inflow of Rs 165 crore in Gold ETFs in February, which is a positive change from the net outflows of Rs 199 crore in January, Rs 273 crore in December, and Rs 195 crore in November. In October, Gold ETFs had attracted a net inflow of Rs 147 crore prior to this period.

Gold Exchange Traded Funds (ETFs) witnessed a net outflow of Rs 457 crore in July as investors parked their money in other asset classes as part of their portfolio rebalancing strategy.

Investors are increasingly turning to gold ETFs amid the absence of new Sovereign Gold Bond issues and recent tax reductions. Inflows into these funds have hit Rs 4,500 crore over four months.

According to data, gold-linked ETFs have seen an inflow of Rs 1,028 crore in August. This came following an inflow of Rs 456 crore in the segment in July. The month of August witnessed the highest monthly inflow into Gold ETFs since April 2022 when the category attracted Rs 1,100 crore on the back of the Russia-Ukraine war. Flows into Gold ETFs have been subdued since then as the US Federal Reserve embarked on its tightening cycle.

Gold has been a safe investment and now gold exchange traded funds (ETFs) are gaining popularity among investors in India.

Gold exchange-traded funds (ETFs) saw the highest-ever repurchase or redemption of Rs 671 crore in January 2022, leading to an outflow of Rs 451 crore. This was primarily driven by rising 10-year Indian government bond yields and expectations of a more hawkish US Fed stance.

After attracting funds in October, gold exchange-traded funds (ETFs) witnessed a net outflow of Rs 195 crore last month primarily due to profit booking amidst a rally in the markets.