Gold Etfs News

Akshaya Tritiya is an auspicious day for new beginnings, investments, and weddings, believed to bring prosperity. Traditionally, people buy gold, perform religious ceremonies, and make charitable donations

Gold ETFs present a modern investment option that provides access to gold without the necessity of possessing physical gold.

Gold ETFs are an innovative investment vehicle that offers exposure to the yellow metal without the need to hold physical gold.

Analysts are bullish on the bullion and anticipate the possibility of gold rates hitting $2,400 an ounce in the year 2024 on the back of a multifaceted interplay of economic, geopolitical, and market factors.

Allocating 10-20 per cent of an investment portfolio to gold is recommended. Gold investments play a role in diversifying a portfolio, acting as a safeguard against inflation, currency risk, and market volatility.

Edelweiss Mutual Fund announced the launch of the Edelweiss Gold ETF. The scheme opened for public subscription on November 02, 2023, and will close on November 06, 2023.

While for centuries, Indians bought gold in physical forms, like coins, bars, and jewellery, Deveya Gaglani, Research Analyst - Commodities, Axis Securities, believes that it might be time to move on. Here’s how he recommends buying gold this Dussehra.

Total assets under management (AUMs) in worldwide gold ETFs declined to $198 billion last month, impacted by a nearly 4% reduction in the gold price. The collective holdings of the yellow metal by global funds dropped 2% to 3,282 tonnes at the end of September, as per WGC report.

Gold Exchange Traded Funds (ETFs) may be effective in times of inflation and high interest rates, but caution should be taken before investing given the changing economic conditions.