The company is seeing demand traction on the back of stability in gold prices as well as the ongoing festive season
Year-to-date inflows have reached $1.23 billion, only slightly below the full-year total of $1.29 billion in 2024. By comparison, India’s gold ETFs garnered about $310 million in 2023 and $33 million in 2022.
The UAE had the highest gold demand per capita in the world at 4.4 grams last year, according to the World Gold Council
Gold has outpaced Nifty in Diwali-to-Diwali returns since 2010, turning Rs 10,000 yearly into Rs 4.47 lakh versus Nifty 50's Rs 3.72 lakh.
Trump’s directive could also speed implementation of bespoke trade deals between the US and other countries, making it easier for Washington to lift tariffs on aircraft parts, generic pharmaceuticals and certain products that can’t be grown, mined or naturally produced domestically — such as specialty spices and coffee, as well as obscure metals.
In India, owning a house is a badge of success, but for middle-class individuals, it can be a financial burden due to high-interest loans and low returns, often underperforming other investments.
With festive seasons bringing extra spending on gifts, travel, and celebrations, borrowing against assets can be a practical way to manage costs without taking on expensive short-term loans.
Gold rate today: Gold's October contracts on the MCX opened at Rs 1,06,676 per 10 grams today.
Plus more on jobs and growth
Individuals in their 40s can secure a financially free retirement by setting clear goals, increasing savings and investments, eliminating high-interest debt, and protecting assets with proper insurance coverage
Gold rate today: 'Gold extended its rally in the global market to fresh highs, reflecting investor caution amid persistent concerns over prolonged US tariffs and their potential impact on global growth and geopolitical change,' said Vinod Nair from Geojit Investments.
Gold rate today: Gold's October contracts on the MCX opened at Rs 1,04,850 per 10 grams today, as against the previous close of Rs 1,04,785 per 10 grams.
Central banks boost gold holdings amid historic demand and waning dominance of the U.S. Dollar, with the momentum likely to continue.
The rising gold prices bodes well for gold financiers, as it increases the value of the collateral while issuing loans, reducing the risk of default.
Gold and silver prices surged to multi-month highs, driven by expectations of a U.S. Federal Reserve rate cut and a weakening dollar. Spot gold neared its all-time high at \$3,493.10 per ounce, while silver crossed \$40 for the first time since 2011. In India, 24K gold hit Rs 105,880 per 10 grams and silver reached Rs 1.05 lakh per kilogram. This rally boosted gold and silver ETFs on the NSE, with ICICI and SBI Gold ETFs gaining over 1.6%, and HDFC Silver ETF surging 4.58%. Rising demand for silver from the EV and solar sectors, along with a five-year supply deficit, has intensified interest. ETF inflows for silver reached a three-year high, while global gold ETF holdings climbed to 3,656.7 tonnes. Upcoming Indian festivals and weddings are expected to fuel further physical demand. Analysts predict continued momentum amid global economic uncertainty and supportive monetary policy trends.
Spot gold was up 0.7% at $3,469.84 per ounce by 1049 GMT, its highest since April 22 when it touched a record-high of $3,500.05
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,05,937 per 10 grams today.
Gold's futures contracts with October expiry on MCX jumped more than 2% to hit an all time high of Rs 1,05,937 per 10 grams today.
Given the business moats, robust return ratios, and strong tailwinds in the MF industry, CAMS is a long-term compounder
Spot gold was up 0.3% at $3,457.16 per ounce, as of 0200 GMT, hitting its highest point since April 23.
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,02,380 per 10 grams today.
Elevation Holdings will write $20-50 million cheques and focus on new-age companies that are close to a public market listing. It will continue to stay invested in these firms even after their IPO.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,01,450 per 10 grams today.
Gold rate today: Check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on August 27.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,00,812 per 10 grams today.