Categories: Business

gold ETF inflow at rs 3500 crore during first 6 month of 2020

Photo: FILE

Gold ETF inflow

new Delhi. Gold Exchange Traded Fund (ETF) has net investment of Rs 3,500 crore in the first half of the current year 2020. This information has been obtained from the data of Association of Mutual Funds in India (Amphi). In the midst of the Kovid-19 crisis, investors are shifting their exposure to riskier assets to safer investment options, which has led to an attractiveness of gold ETFs. This led to a withdrawal of Rs 160 crore from gold ETFs by investors during the same half-year of the previous year ie January-June 2018.

According to the data, a net investment of Rs 3,723 crore has come in Gold ETFs since August 2019. Gold ETFs got a net investment of Rs 3,530 crore for the half year ended June 30 this year. If we look at the monthly figures, then in January it got a net investment of Rs 202 crores. In February, the category invested Rs 1,483 crore. In March, investors withdrew Rs 195 crore from gold ETFs. In April, the gold ETF again invested Rs 731 crore. It was followed by an investment of Rs 815 crore in May and Rs 494 crore in June. Himanshu Srivastava, Senior Research Analyst (Manager Research), Morningstar Investment Advisor India, said, "Expectations of rapid recovery in the economy have weakened due to rising cases of corona virus. So investors are 'hedging' their risky assets and investing a part of their assets in gold. "

Due to Kovid 19, the prices of gold are also increasing steadily. Gold is currently trading near the record level of 50 thousand. Commodity market experts are speculating that gold may cross Rs 52,000 per 10 gram level in the next few months. At the same time it can cross $ 2000 per ounce level in foreign markets.

This post was published on July 12, 2020 1:33 pm

Content Team

Recent Posts

Mark Zuckerberg's Fortune Surpasses 100 Billion Dollar Mark Zuckerberg's wealth crosses $ 100 billion for the first time, Mukesh Ambani becomes world's fourth richest person

Photo: BUSINESS INSIDER INDIA Mark Zuckerberg’s Fortune Surpasses 100 Billion Dollar new Delhi. Facebook founder Mark Zuckerberg's net worth exceeded…

Made in India Kia Sonet to be launched in India next month, to get rid of clutch pedals

Photo: KIA MOTORS INDIA Kia Motors unveils compact SUV Sonet; plans to launch next month new Delhi. South Korea's leading…

Facebook has built 600 houses to overcome the housing crisis, will be made available to the poor

Photo: FACEBOOK Facebook fund backs nearly 600 affordable homes San Francisco. US-based technology technology company Facebook has built about 600…