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Last Updated : Jun 24, 2016 12:21 PM IST | Source: Moneycontrol.com

Gold ETF surges 2-7% on demand for safe-haven metal post Brexit

The rally in precious metal reflected in gold exchange traded funds as well. Birla Sun Life, Goldman Sachs, ICICI Prudential, Kotak, IDBI gold ETFs etc gained 2-7 percent.

 
 
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Equities, currencies, bonds and oil markets fell sharply after the United Kingdom decided to leave the 28-nation European Union but the safe-haven gold bucked the trend.

Gold prices jumped to the highest in nearly two years on concerns that Brexit may force Europe into a recession, hurting the global economy.

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Gold futures were up 4.7 percent at USD 1,322.60 an ounce in international markets. In India, gold was trading at Rs 31,567 per 10 gram, up 5.5 percent (at 11:57 hours IST).

The rally in precious metal reflected in gold exchange traded funds as well. Birla Sun Life, Goldman Sachs, ICICI Prudential, Kotak, IDBI gold ETFs etc gained 2-7 percent.

Gold ETFsLast Price Rs% Change
Birla Sun Life Gold ETF29507.31
Goldman Sachs Gold ETF28104.9
SBI-ETF Gold2842.054.07
R* Shares Gold ETF26853.61
ICICI Prudential Gold ETF2853.58
Kotak Gold ETF274.153.51
Quantum Gold ETF13763.34
HDFC Gold ETF2852.22.59
UTI Gold ETF2732.22.56
IDBI Gold ETF2829.92.53
Canara Robeco Gold ETF28902.48
Axis Gold ETF28451.43


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First Published on Jun 24, 2016 11:59 am
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