The index has formed a Hammer candlestick pattern on the weekly charts which indicates a bullish bias and is likely to test the neckline of 11,100-11,150 zone.
Compared to gold, all equity fund categories have delivered negative average returns in the last one year
You need to counterbalance currency risk with gold
Harit said he expected gold prices to remain in an uptrend in the near term, which will automatically help gold loan companies grow at an even faster pace.
Trading in gold ETF has been lukewarm in the previous four fiscals. It had witnessed an outflow of Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore in 2014-15 and Rs 2,293 crore in 2013-14.
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Trading in gold ETF segment has been tepid during the last four financial years. It witnessed outflows of Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore in 2014-15 and Rs 2,293 crore in 2013-14.
Investment in gold as an asset class acts as a hedge against geopolitical uncertainty, store of value or inflation hedge, and benefits in case of rupee depreciation.
Gold investors are advised to allocate primarily through the gold bonds and/or through Gold ETFs
With short term weakness gold can be accumulated as a means of portfolio diversification.
Over the last 3 years (from December 2013 to November 2016) gold ETFs have witnessed outflows in almost every month, and cumulatively an outflow of around Rs 5,300 crore
Be it jewellery, gold ETF or gold bonds, you should know the tax treatment before investing in gold.
In an interview to CNBC-TV18‘s Manisha Gupta, Anil Ghelani, Senior VP at DSP BlackRock Investment Managers and Deepak Gupta, VP & Fund Manager-Equities at Kotak Mutual Fund compared gold exchange-traded funds (ETF), jewellery companies and other investment options and also spoke on whether investors should move their money to gold funds.
Gold exchange-traded funds (ETFs) saw an outflow of Rs 69 crore in November, taking the total to Rs 588 crore in the first eight months of the current fiscal, mainly due to profit-booking.
Gold funds are a better option to invest in gold. They offer ease of transaction and liquidity to investor.
Sanjeev Bhatia, CFO, PC Jeweller is confident of achieving 15% topline growth in FY17.
Gold is a good asset class in uncertain times. It works the best when the currencies lose value.
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.
The demand for physical gold as well as gold exchange traded funds (ETF) has not been as robust as it was before despite alternative assets like equities and debt doing well, says Chirag Mehta of Quantum Asset Management.
It pays to know the liquidity and taxation aspect while investing in gold while exploring newer options as they are cost efficient.
The gold ETFs witnessed a net outflow of Rs 656 crore in the first ten months (April-January) of the ongoing fiscal year, as compared to an outflow of Rs 1,290 crore in the same period of 2014-15 fiscal.
Many investors are still attracted towards gold, and they keep looking for better options to invest in gold. With the launch of gold bonds, there is one more option available with the investor. Does that work for you?
This Diwali, think unconventional when you go shopping gold for yourself.
The sudden cash should not be a spent on shopping and fun. A large chunk of this yearly cash inflow should be invested in the right products.
There are 44 mutual funds in the country and their total Average Asset Under Management stands at Rs 11.73 lakh crore at the end of June.