However, the economic slowdown coupled with high inflation is likely to strain consumer budgets this season. Will this deter consumers who are going for gold?
The growth of assets under gold exchange-traded funds (ETFs) in India slowed to 18 percent in the fiscal year ended March 31, 2013, compared with an average of more than 100 percent since inception in 2007, as investors sought refuge in debt instruments due to sagging gold prices.
Quantum Mutual Fund presents an analysis on the performance of the key indicators like Equity, Debt, and Gold for the month of June.
By Chirag Mehta, Fund Manager (Commodities), Quantum Asset Management Company
By Chirag Mehta, Fund Manager (Commodities), Quantum AMC
Halfway through January 2012, the government unexpectedly announced a change in the structure of gold's import duties. In the midst of one of the coldest winters in India, we're letting you in on how this new revision will affect your gold investments: Will it bring warmth to your gold holding?
Many market watchers are so perplexed that they are surrendering to the 'gold bubble' story.